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GROUNDSWELL STARTUPS INC

EIN 81-1417100 MELBOURNE, FL

Browse the largest nonprofits in Florida

Revenue 2025
$633,648
Expenses 2025
$653,275

Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S99
Classification
2000
Street
2412 IRWIN ST

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).

Other organizations at this address

3 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2025

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 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. 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 $610,367

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Bud Deffenbach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mark Mohler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • John Vecchio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mamoon Rashid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ruchir Gupta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ryan Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Sallie Halsey

    CSO

    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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $633,648
    Expenses
    $653,275
    Contributions
    $330,417
    Grants paid
    $0
  • 2024
    Revenue
    $481,864
    Expenses
    $559,976
    Contributions
    $306,967
    Grants paid
    $0
  • 2023
    Revenue
    $458,638
    Expenses
    $530,980
    Contributions
    $299,857
    Grants paid
    $0
  • 2022
    Revenue
    $881,413
    Expenses
    $367,760
    Contributions
    $741,271
    Grants paid
    $25,000

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.

Other returns filed

  • 2025 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2024 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported

  • 2021 · 990

    Revenue
    $309,862
    Expenses
    $321,463
    Assets (EOY)
    $130,381

  • 2020 · 990

    Revenue
    $258,691
    Expenses
    $252,685
    Assets (EOY)
    $154,267

  • 2019 · 990

    Revenue
    $238,795
    Expenses
    $173,473
    Assets (EOY)
    $136,604

  • 2018 · 990-EZ

    Revenue
    $198,569
    Expenses
    $192,424
    Assets (EOY)
    $64,355

  • 2017 · 990

    Revenue
    $201,032
    Expenses
    $149,396
    Assets (EOY)
    $58,210

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

  • MAKE IT HAPPEN LLC

    $25,000

    2022 CONNECT STARTUPS WITH INVESTORS

Where these grants went next →

Grants received

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 13 October 2026, under deductibility PC.

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.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.