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GROUNDSWELL CAPITAL

EIN 86-1017490 TUCSON, AZ

Revenue 2024
$1,063,297
Expenses 2024
$591,509

Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
L20
Classification
1000
Street
600 S MEYER AVENUE UNIT 3

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • ANDREA THOMPSON

    PRESIDENT

    Total calculated
    $174,854
    From this org
    $0
    From related orgs
    $169,780
    Other
    $5,074
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $169,780 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $5,074 related
    Filer's total
    $0 + $174,854 related
  • DAVE DICOSOLA

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • ROB TULL

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • MIGUEL CRUZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ANNE DOUGHERTY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • AMBER CORDOBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • SANDRA BARTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • MARK MANSFIELD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • RITESH PATEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ANGELO TORREALBA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $1,063,297
    Expenses
    $591,509
    Contributions
    $684,792
    Grants paid
    $233,748
  • 2023
    Revenue
    $2,426,655
    Expenses
    $1,038,222
    Contributions
    $2,357,763
    Grants paid
    $378,903
  • 2023
    Revenue
    $2,685,721
    Expenses
    $1,014,310
    Contributions
    $2,607,763
    Grants paid
    $378,903
  • 2022
    Revenue
    $1,003,528
    Expenses
    $583,739
    Contributions
    $1,000,000
    Grants paid
    $457,160

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

  • HUUB

    $30,000

    2023 SMALL BUSINESS SUPPORT & EDUCATION

  • SCENTED LEAF TEA HOUSE

    $25,000

    2024 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT.

  • 2023 SMALL BUSINESS SUPPORT & EDUCATION

  • DOLCE PASTELLO CAKES

    $20,000

    2024 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT.

  • 2023 SMALL BUSINESS SUPPORT & EDUCATION

  • 2023 SMALL BUSINESS SUPPORT & EDUCATION

  • WHITE FILE LLC

    $18,500

    2024 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT.

  • DANNY'S DOWNTOWN BARBER

    $15,000

    2024 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT.

  • URBAN PITA LLC

    $15,000

    2024 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT.

  • 2023 OPERATING EXPENSES AND INVENTORY, FINANCIAL EDUCATION

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

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

  • INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF TUCSON

    ECONOMIC DEVELOPMENT · AZ

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.