- 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).
Mission and programs · 2024
Mission
GROUNDSWELL CAPITAL IS AN ARIZONA-BASED 501(C)(3) NONPROFIT LENDER FOCUSED ON CREATING INNOVATIVE, BLENDED CAPITAL SOLUTIONS TO TACKLE OUR COMMUNITIES' BIGGEST CHALLENGES AND INVEST IN A VIBRANT, CLEAN ECONOMY WHERE ALL RESIDENTS CAN PROSPER.
-
COMMUNITY GRANTS - GROUNDSWELL CAPITAL RECEIVES PASS-THROUGH GRANT FUNDING FROM VARIOUS ORGANIZATIONS AND USES THESE FUNDS TO DISTRIBUTE COMMUNITY GRANTS. DEPENDING ON THE TERMS OF EACH CONTRACT, WE MAY RECEIVE AN ADMINISTRATIVE FEE FOR MANAGING THE GRANT PROCESS. OUR ROLE TYPICALLY INCLUDES MARKETING THE GRANT OPPORTUNITY, COLLECTING AND REVIEWING APPLICATIONS, PROCESSING AND DISBURSING AWARDS, TRACKING GRANT ACTIVITY, AND COMMUNICATING WITH APPLICANTS THROUGHOUT THE PROCESS.
Expenses $273,077 · Grants $233,748
-
SMALL BUSINESS LOANS - GROUNDSWELL ISSUES UNCOLLATERALIZED, SMALL BUSINESS LOANS TO BORROWERS IN ARIZONA. WE HAVE FLEXIBLE UNDERWRITING STANDARDS AND FOCUS ON CHARACTER BASED LENDING. THIS HELPS US SERVE COMMUNITIES THAT ARE OTHERWISE OVERLOOKED BY TRADITIONAL BANKING LENDERS.
Expenses $139,703 · Revenue $119,573
-
EDUCATION AND WORKSHOPS - GROUNDSWELL PROVIDES TECHNICAL ASSISTANCE TO ITS LOAN BORROWERS AND THE WIDER BUSINESS COMMUNITY. WE HOST OFFICE HOURS AS WELL AS WORKSHOPS IN OUR TUCSON SMALL BUSINESS CENTER. WE OFFER OUR CLASSES IN BOTH ENGLISH AND SPANISH.
Expenses $112,792
-
OTHER PROGRAMS
Expenses $9,400
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
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 ThompsonANDREA 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 DicosolaDAVE DICOSOLA
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Rob TullROB TULL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Miguel CruzMIGUEL CRUZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Anne DoughertyANNE DOUGHERTY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Amber CordobaAMBER CORDOBA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sandra BartonSANDRA BARTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mark MansfieldMARK MANSFIELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ritesh PatelRITESH PATEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Angelo TorrealbaANGELO 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, and on a Form 990-PF Part VIII's — 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.
Form 990-N e-Postcard, tax year 2021
- Tax period
- 1 July 2021 to 30 June 2022
- Principal officer
-
Dre ThompsonDRE THOMPSON
- Mailing address
- PO BOX 1548TUCSON AZ 85702
As filed, from the IRS e-Postcard file of 26 October 2026. The IRS publishes only each organization's most recent postcard, so earlier years are not shown. A 990-N carries no financial detail. The postcard also gives the principal officer's address, which is not shown here.
Grants made
-
HUUB
$30,000
2023 SMALL BUSINESS SUPPORT & EDUCATION
-
BLAX FRIDAY
$25,000
2023 SMALL BUSINESS SUPPORT & EDUCATION
-
SCENTED LEAF TEA HOUSE
$25,000
2024 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT.
-
$20,000
2023 SMALL BUSINESS SUPPORT & EDUCATION
-
$20,000
2023 SMALL BUSINESS SUPPORT & EDUCATION
-
DOLCE PASTELLO CAKES
$20,000
2024 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT.
-
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.
-
ESTRADAORNADA MOTORS LLC
$10,700
2023 OPERATING EXPENSES AND INVENTORY, FINANCIAL EDUCATION
The 10 largest by cash amount. The API serves every itemized grant.
Grants received
-
$50,000
2024 WATER INFRASTRUCTURE PROJECTS
-
2023 FINANCIAL CAPABILITY
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 13 October 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.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 29 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.