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Nonprofit · EIN 31-1415293

THE GROUNDWATER FOUNDATION

Tax-exempt · WESTERVILLE, OH 43081

Financials

$721K$508K2023$413K$344K2024
Revenue Expenses · by fiscal year end
Financials of THE GROUNDWATER FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$413,216$343,581$69,635$2,554,521$528,293$2,026,228
December 31, 2023990$720,676$507,855$212,821$2,328,928$642,746$1,686,182
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$324,186
Membership dues
$1,000
Program service revenue
$3,900
Investment income
$25,253
Net gain from sales of assets
-$45,716
Other revenue
$59,877

Expenses

Grants and similar amounts paid
$4,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$1,433
Travel
$3,010
Program services (functional)
$225,661
Management and general (functional)
$117,920

Balance sheet and other

Total assets, start of year
$2,328,928
Total assets, end of year
$2,554,521
Total liabilities, end of year
$528,293
Net assets, end of year
$2,026,228
Publicly traded securities
$2,361,469
Net assets without donor restrictions
$1,375,524
Net assets with donor restrictions
$650,704
Gross receipts
$913,806
Employees
0
Volunteers
25
Year formed
1994
State of legal domicile
OH

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
TERRY MORSECEO
Key employee
5$0$266,723
JOHN BOYETTEBOARD CHAIR
Trustee or director, Officer
1$0$0
FRED ROTHAUGETREASURER
Trustee or director, Officer
1$0$0
JIM LOCOCOSECRETARY
Trustee or director, Officer
1$0$0
SAM MAGERSDIRECTOR OF FINANCE
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
TERRY MORSENGWA CEO
Key employee
5$0$235,337$26,824
JOHN BOYETTEBOARD CHAIR
Trustee or director, Officer
1$0$0$0
FRED ROTHAUGETREASURER
Trustee or director, Officer
1$0$0$0
JIM LOCOCOSECRETARY
Trustee or director, Officer
1$0$0$0

Address and contacts

Address (IRS master file)
601 DEMPSEY RD, WESTERVILLE, OH 43081-8978
Principal officer (990 for 2024)
TERRY MORSE, 601 DEMPSEY ROAD, WESTERVILLE, OH 43081
Signed the 990
SAM MAGERS, DIRECTOR OF FINANCE
Phone
(614) 898-7791
Return prepared by
REA & ASSOCIATES INC

Mission

THE GROUNDWATER FOUNDATION CONNECTS PEOPLE, BUSINESSES, AND COMMUNITIES THROUGH LOCAL GROUNDWATER EDUCATION AND ACTION, MAKING US ALL A PART OF THE SOLUTION FOR CLEAN, SUSTAINABLE GROUNDWATER.

990 for the year ended December 31, 2024

Program accomplishments

  • SCHOLARSHIPS/CONTRIBUTIONS - THE GROUNDWATER FOUNDATION PROVIDES SCHOLARSHIPS AND GRANTS TO INDIVIDUALS AND ORGANIZATIONS FOR STEM EDUCATION SPECIFICALLY RELATED TO GROUNDWATER; TO FUND LEADING-EDGE PROGRAMMING THAT STIMULATES NEW KNOWLEDGE, INFORMATION, PROGRAMS AND PRODUCTS TO ADVANCE GROUNDWATER SCIENCE AND TECHNOLOGY; AND TO BENEFIT THE QUALITY OF LIFE FOR PEOPLE AROUND THE WORLD WITHOUT ACCESS TO PLENTIFUL SUPPLIES OF POTABLE GROUND WATER.
    Expenses $2,745
  • USA GROUNDWATER FUND - THE GROUNDWATER FOUNDATION ASSISTS NEEDY FAMILES WITH ACCESS TO GROUND WATER BY PROVIDING GRANTS AND COORDINATING WITH LOCAL GROUNDWATER PROFESSIONALS. THE FUND HAS A THREE PART PURPOSE; EDUCATION AND TRAINING OF GROUNDWATER PROFESSIONALS, PUBLIC EDUCATION AND AWARNESS, AND TO HELP FUND THE DRILLING AND REPAIR OF WATER WELL FOR STRUGGLING FAMILES.
    Expenses $75,037 · grants $4,000 · revenue $63,777
  • STUDENT EDUCATION - THE GROUNDWATER FOUNDATION CREATED THE ULTIMATE GROUNDWATER EDUCATION TOOL, KNOWN AS THE AWESOME AQUIFER KIT. THE KIT IS A FUN AND EDUCATIONAL GROUNDWATER KIT WITH EVERYTHING YOU NEED TO BUILD AN AQUIFER MODEL AND TEACH STUDENTS THE IMPORTANCE OF CLEAN AND SUSTAINABLE GROUNDWATER. THROUGH DONATIONS AND FUNDRAISING THE FOUNDATION WAS ABLE TO EDUCATION OVER 200,000 STUDENTS ON THE IMPORTANCE OF GROUNDWATER SCIENCE.
    Expenses $23,473
  • THE GROUNDWATER FOUNDATION ALSO DIRECTS A VARIETY OF OTHER PROGRAMS TO FURTHER THE MISSION OF CONDUCTING EDUCATIONAL RESEARCH AND CHARITABLE ACTIVITIES RELATED TO GROUND WATER AND THE GROUND WATER INDUSTRY.
    Expenses $124,406

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
31-1415293
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$2,554,521
Income (IRS master file)
$913,806

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$413,216$343,581$2,554,521XML
990December 2023$720,676$507,855$2,328,928XML
990December 2022$357,445$414,127$2,157,643IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about THE GROUNDWATER FOUNDATION

What is the EIN of THE GROUNDWATER FOUNDATION?
The employer identification number (EIN) of THE GROUNDWATER FOUNDATION is 31-1415293.
Is THE GROUNDWATER FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to THE GROUNDWATER FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE GROUNDWATER FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of THE GROUNDWATER FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE GROUNDWATER FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE GROUNDWATER FOUNDATION?
The 990 for the year ended December 31, 2024 names TERRY MORSE.
Who are the officers and directors of THE GROUNDWATER FOUNDATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does THE GROUNDWATER FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $413,216, expenses of $343,581 and total assets of $2,554,521 at year end.

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