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Nonprofiteer
← GROUND BREAKERS INC

Form 990 for tax year 2024

Filed by GROUND BREAKERS INC.

Totals

Total revenue
$24,580
Total expenses
$49,900
Contributions and grants received
$0
Grants paid
$47,500
Program service revenue
$0
Investment income
$24,580
Other revenue
$0
Total assets, end of year
$80,345
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$80,345
Program services expenses (Part IX)
$47,500
Management and general expenses
$2,400
Fundraising expenses
$0
Program service expenses (Part III)
$47,500

Program services were 95.2% 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.

  • 3 · Investment income

    total $24 · unrelated business $24

  • 7a · Gross sales of assets other than inventory

    securities $124,419

  • 7b · Less cost or other basis and sales expenses

    securities $99,863

  • 7c · Gain or loss

    securities $24,556

  • 7d · Net gain or loss

    total $24,556 · unrelated business $24,556

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $47,500 · program services $47,500

  • 11b · Fees: legal

    total $2,182 · management and general $2,182

  • 11g · Fees: other

    total $218 · management and general $218

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,827 · end of year $78,166

  • 7 · Other notes and loans receivable

    beginning of year $2,179 · end of year $2,179

  • 12 · Investments: other securities

    beginning of year $97,659

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $105,665 · end of year $80,345

Mission and programs · 2024

Mission

Ground Breakers, Inc. is a community reunification program that focuses on helping current and formerly incarcerated individuals positively reintegrate into society following incarceration.

  • Ground Breakers, Inc. completed its 4th year of newsletter programming offered to currently incarcerated individuals.

  • Groundbreakers, Inc. has continued its partnership with Concordance Academy working toward the goal of positive reintegration of formerly incarcerated individuals and supporting second chance opportunities.

    Grants $47,500

  • The Ground, while limited with the Concordance partnership, is continuing it's work.

As filed on the 2024 return.

Listed in Part VII

  • Emily Procter

    President/CEO/Secretary

    Total calculated
    $0
    Hours/week
    0

  • Tracey Lynn Ivanyshyn

    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

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202531339349308703

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