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Nonprofit · EIN 47-4003615

GROUNDSWELL FUND

Tax-exempt · SAN FRANCISCO, CA 94104

Financials

$18.6M$24.4M2023$22.1M$30.2M2024$13.3M$22.6M2025
Revenue Expenses · by fiscal year end
Financials of GROUNDSWELL FUND by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$13,282,655$22,565,704-$9,283,049$25,416,530$527,104$24,889,426
December 31, 2024990$22,115,419$30,180,367-$8,064,948$36,554,170$2,382,648$34,171,522
December 31, 2023990$18,645,193$24,372,876-$5,727,683$45,207,953$2,248,857$42,959,096
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$12,678,212
Program service revenue
$0
Investment income
$604,443
Other revenue
$0

Expenses

Grants and similar amounts paid
$11,757,000
Compensation of officers, directors and key employees
$595,198
Other salaries and wages
$6,522,629
Salaries, compensation and benefits (total)
$9,172,523
Professional fundraising fees
$49,920
Legal fees
$68,056
Accounting fees
$103,909
Travel
$68,172
Program services (functional)
$18,325,353
Management and general (functional)
$1,335,481
Fundraising (functional)
$2,904,870

Balance sheet and other

Total assets, start of year
$36,554,170
Total assets, end of year
$25,416,530
Total liabilities, end of year
$527,104
Net assets, end of year
$24,889,426
Net assets without donor restrictions
$14,562,433
Net assets with donor restrictions
$10,326,993
Gross receipts
$13,282,655
Employees
49
Volunteers
9
Year formed
2015
State of legal domicile
CA

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, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Yamani HernandezCEO
Officer
40$371,897$70,704
Naa Amissah-HammondChief Strategy Ofr40$228,650$83,122
Angella BellotaDirector-Fnd Relat40$239,385$48,799
Lorena Gamboa-MartinChief of Staff40$236,651$40,308
Chanda JonesCFO
Officer
40$216,331$54,384
Julieta GaribaySr Dir Cap Bldg40$220,307$13,166
Krystal KwongOps Mgr Cap Bldg40$207,439$9,114
Kimberly Inez McGuireChair
Trustee or director, Officer
1$0$0
Holly BartlingVice Chair
Trustee or director, Officer
1$0$0
Amber BanksTreasurer
Trustee or director, Officer
1$0$0
Karen GroveSecretary
Trustee or director, Officer
1$0$0
Bipasha RayDirector
Trustee or director
1$0$0
Bamby SalcedoDirector
Trustee or director
1$0$0
Kheira Issaoui-MansouriSecretary
Trustee or director, Officer
1$0$0
Inga SkippingsDirector
Trustee or director
1$0$0
1 more people on this return
NameTitleHours / weekCompensation
Monique MehtaDirector
Trustee or director
1$0
990 for the year ended December 31, 2024: 14 people
NameTitleHours / weekCompensationOther / benefits
Yamani HernandezCEO
Officer
38$350,264$76,835
Naa HammondChief Strategy Ofr40$214,785$71,892
Chanda JonesCFO
Officer
38$225,313$58,711
Quanita ToffieExec Director Action Fund0$210,725$62,812
Angelique GreenChief Advanc Offcr40$219,140$51,372
Lorena Gamboa-MartinChief of Staff38$221,023$35,327
Jazmin EdwardsSr HR and Ops Mgr38$184,443$14,720
Sherie Salter-ReidFinance Dir38$164,137$14,707
Kimberly Inez McGuireChair
Trustee or director, Officer
1$0$0
Holly BartlingVice Chair
Trustee or director, Officer
1$0$0
Nicolle GonzalesTreasurer
Trustee or director, Officer
1$0$0
Karen GroveSecretary
Trustee or director, Officer
1$0$0
Nse UfotDirector
Trustee or director
1$0$0
Bamby SalcedoDirector
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
Yamani HernandezCEO
Officer
38$294,407$54,738
Chanda JonesCFO
Officer
38$245,319$54,675
Quanita ToffieExec Director Action Fund0$212,158$41,434
Wen BrovoldDir Comms & Donor38$197,569$48,848
Naa HammondChief Strategy Ofr40$176,651$64,416
Angella BellotaDir Funder Organiz38$193,250$35,536
Bre RiveraProgm Director BTF40$162,232$40,053
Lorena Gamboa-MartinChief of Staff38$174,059$25,000
Meenakshi MenonFormer Interim ED38$86,683$250
Kimberly Inez McGuireChair
Trustee or director, Officer
1$0$0
Brook Kelly-GreenVice Chair
Trustee or director, Officer
1$0$0
Nicolle GonzalesTreasurer
Trustee or director, Officer
1$0$0
Karen GroveSecretary
Trustee or director, Officer
1$0$0
Nse UfotDirector
Trustee or director
1$0$0
Bamby SalcedoDirector
Trustee or director
1$0$0
Holly BartlingDirector
Trustee or director
1$0$0
Laura NixonDirector
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
548 MARKET STREET 49734, SAN FRANCISCO, CA 94104-5401
In care of
% VANESSA DANIEL
Principal officer (990 for 2025)
Yamani Hernandez, 548 Market Street 49734, San Francisco, CA 94104
Signed the 990
Yamani Hernandez, CEO
Phone
(510) 444-5900
Return prepared by
REGALIA BERGER & BERGER CPAS

Mission

GROUNDSWELL FUND PRACTICES SOLIDARITY WITH U.S. MOVEMENTS FOR BODILY AUTONOMY BY REDISTRIBUTING WEALTH TO BUILD CARE-BASED, GRASSROOTS NETWORKS FOR A MULTI-RACIAL FEMINIST DEMOCRACY

990 for the year ended December 31, 2025

Program accomplishments

  • GrantmakingGroundswell Fund supports 501(c)(3) organizations through Grantmaking, Capacity Building, and Funder Organizing to build the power of reproductive justice and other intersectional movements. Through our grantmaking, we provide mostly general support and commit to funding strong, effective organizations for the long term.
    Expenses $11,748,708 · grants $8,972,000
  • Capacity BuildingTHROUGH OUR CAPACITY BUILDING WORK, GROUNDSWELL FUND STRENGTHENS ORGANIZATIONS INFRASTRUCTURE AND LEADERSHIP SO THEY CAN SCALE AND SUSTAIN LONG-TERM IMPACT
    Expenses $5,159,373 · grants $2,785,000
  • Funder Organizing and other Groundswell Fund works with foundations and individual donors to increase resources for intersectional organizing.
    Expenses $1,417,272

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
47-4003615
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2015
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$25,416,530
Income (IRS master file)
$13,282,655

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025–––IRS
990December 2024–––IRS
990December 2023$18,645,193$24,372,876$45,207,953IRS
990December 2022$29,604,689$20,741,164$53,772,714IRS
990December 2021–––IRS
990December 2020–––IRS
990-TDecember 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 GROUNDSWELL FUND

What is the EIN of GROUNDSWELL FUND?
The employer identification number (EIN) of GROUNDSWELL FUND is 47-4003615.
Is GROUNDSWELL FUND tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to GROUNDSWELL FUND tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GROUNDSWELL FUND 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 GROUNDSWELL FUND due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GROUNDSWELL FUND last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of GROUNDSWELL FUND?
The 990 for the year ended December 31, 2025 names Yamani Hernandez.
Who are the officers and directors of GROUNDSWELL FUND?
The 990 for the year ended December 31, 2025 lists 16 people; 7 received compensation from the organization, the highest $371,897 (Yamani Hernandez, CEO).
How much revenue does GROUNDSWELL FUND have?
On its 990 for the year ended December 31, 2025 it reported revenue of $13,282,655, expenses of $22,565,704 and total assets of $25,416,530 at year end.

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