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Nonprofiteer
← GROUNDSWELL STARTUPS INC

Form 990 for tax year 2022

Filed by GROUNDSWELL STARTUPS INC.

Totals

Total revenue
$881,413
Total expenses
$367,760
Contributions and grants received
$741,271
Grants paid
$25,000
Program service revenue
$140,142
Investment income
$0
Other revenue
$0
Total assets, end of year
$643,253
Total liabilities, end of year
$252
Net assets or fund balances, end of year
$643,001
Program services expenses (Part IX)
$339,537
Management and general expenses
$28,223
Fundraising expenses
$0
Program service expenses (Part III)
$339,537

Program services were 92.3% 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.

  • 1b · Membership dues

    $241,271

  • 1e · Government grants (contributions)

    $500,000

  • 2a · Program service revenue: SPONSOR REVENUE

    total $136,202 · related or exempt $136,202

  • 2b · Program service revenue: EVENT REVENUE

    total $3,940 · related or exempt $3,940

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 7 · Other salaries and wages

    total $112,473 · program services $101,226 · management and general $11,247

  • 10 · Payroll taxes

    total $8,620 · program services $7,758 · management and general $862

  • 11c · Fees: accounting

    total $3,737 · program services $3,363 · management and general $374

  • 11g · Fees: other

    total $26,241 · program services $23,617 · management and general $2,624

  • 12 · Advertising and promotion

    total $17,620 · program services $15,858 · management and general $1,762

  • 13 · Office expenses

    total $42,015 · program services $37,813 · management and general $4,202

  • 14 · Information technology

    total $22,077 · program services $19,997 · management and general $2,080

  • 16 · Occupancy

    total $45,374 · program services $40,837 · management and general $4,537

  • 17 · Travel

    total $3,981 · program services $3,981

  • 22 · Depreciation, depletion and amortization

    total $3,496 · program services $3,496

  • 23 · Insurance

    total $5,349 · program services $4,814 · management and general $535

  • 24a · Other expenses: CASUAL LABOR

    total $260 · program services $260

  • 24b · Other expenses: CONTRACT LABOR

    total $31,120 · program services $31,120

  • 24c · Other expenses: BAD DEBT

    total $190 · program services $190

  • 24d · Other expenses: COGS

    total $20,207 · program services $20,207

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $113,151 · end of year $514,753

  • 4 · Accounts receivable

    beginning of year $12,870 · end of year $7,580

  • 9 · Prepaid expenses and deferred charges

    end of year $6,998

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

    $134,289

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

    $20,367

  • 10c · Land, buildings and equipment, net

    beginning of year $3,696 · end of year $113,922

  • 15 · Other assets

    beginning of year $664

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,033 · end of year $252

  • 27 · Net assets without donor restrictions

    beginning of year $129,348 · end of year $643,001

Mission and programs · 2022

Mission

GROUNDSWELL PAIRS EARLY-STAGE COMPANIES WITH EXPERTS WHO KNOW THE INDUSTRY AND ARE READY TO HELP. WITH MENTORS RANGING FROM BUSINESS STRATEGY TO MANUFACTURING TO RAISING CAPITAL, GROUNDSWELL HAS THE RESOURCES FOR YOU TO IDEATE, START AND GROW.

  • PROGRAMMING: JOINING THE GROUNDSWELL NETWORK MEANS GAINING ACCESS TO RESOURCES AND WORKSHOPS SPECIFICALLY TAILORED TO YOUR NEEDS. FROM WORKSHOPS FOR ASPIRING ENTREPRENEURS LOOKING TO TEST THEIR APTITUDE TO GROWING COMPANIES FINDING PROVEN STRATEGIES TO SCALE, GROUNDSWELL IS HERE TO HELP.MENTORSHIP: GROUNDSWELL PAIRS EARLY-STAGE COMPANIES WITH EXPERTS WHO KNOW THE INDUSTRY AND ARE READY TO HELP. WITH MENTORS RANGING FROM BUSINESS STRATEGY TO MANUFACTURING TO RAISING CAPITAL, GROUNDSWELL HAS THE RESOURCES FOR YOU TOIDEATE, START AND GROW.COWORKING: WHY WORK IN A COFFEE SHOP WHEN YOU CAN ACCESS FREE COFFEE AND BEER, SURF THE FASTEST WIFI IN TOWN AND COLLABORATE WITH OTHER LOCAL ENTREPRENEURS, ALL FROM A RIVERSIDE SPACE WITHIN WALKING DISTANCE OF DOWNTOWN MELBOURNES MANY BARS AND RESTAURANTS. EVENTS: SOMETHINGS ALWAYS GOING ON AT GROUNDSWELL. FEATURED FOUNDER TALKS, LIGHTNING DISCUSSIONS AND MORE IN-DEPTH ROUNDTABLES OFFER UNIQUE PERSPECTIVES, KEY EXPERT INSIGHTS AND OPPORTUNITIES FOR FOUNDERS TO SHARE THEIR CHALLENGES AND RECEIVE AN OUTSIDE OPINION.

    Expenses $339,347

  • PROGRAMMING: JOINING THE GROUNDSWELL NETWORK MEANS GAINING ACCESS TO RESOURCES AND WORKSHOPS SPECIFICALLY TAILORED TO YOUR NEEDS. FROM WORKSHOPS FOR ASPIRING ENTREPRENEURS LOOKING TO TEST THEIR APTITUDE TO GROWING COMPANIES FINDING PROVEN STRATEGIES TO SCALE, GROUNDSWELL IS HERE TO HELP.MENTORSHIP: GROUNDSWELL PAIRS EARLY-STAGE COMPANIES WITH EXPERTS WHO KNOW THE INDUSTRY AND ARE READY TO HELP. WITH MENTORS RANGING FROM BUSINESS STRATEGY TO MANUFACTURING TO RAISING CAPITAL, GROUNDSWELL HAS THE RESOURCES FOR YOU TO IDEATE, START AND GROW.COWORKING: WHY WORK IN A COFFEE SHOP WHEN YOU CAN ACCESS FREE COFFEE AND BEER, SURF THE FASTEST WIFI IN TOWN AND COLLABORATE WITH OTHER LOCAL ENTREPRENEURS, ALL FROM A RIVERSIDE SPACE WITHIN WALKING DISTANCE OF DOWNTOWN MELBOURNES MANY BARS AND RESTAURANTS. EVENTS: SOMETHINGS ALWAYS GOING ON AT GROUNDSWELL. FEATURED FOUNDER TALKS, LIGHTNING DISCUSSIONS AND MORE IN-DEPTH ROUNDTABLES OFFER UNIQUE PERSPECTIVES, KEY EXPERT INSIGHTS AND OPPORTUNITIES FOR FOUNDERS TO SHARE THEIR CHALLENGES AND RECEIVE AN OUTSIDE OPINION.

    Expenses $190

As filed on the 2022 return.

Listed in Part VII

  • Jarin Eisenberg

    COO

    Total calculated
    $105,550
    From this org
    $105,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Shey Anderson

    SECRETARY

    Total calculated
    $28,620
    From this org
    $28,620
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • Mamoon Rashid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • John Vecchio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Bud Deffenbach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mark Mohler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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

  • MAKE IT HAPPEN LLC

    $25,000

    CONNECT STARTUPS WITH INVESTORS

Provenance

Return type
form_990
Tax year
2022
Filed
22 February 2023
IRS schema version
2022v5.0
Source object
202300959349300520

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