Nonprofit · EIN 52-2107162
GROOVE FUND INC
Tax-exempt · HARTFORD, CT 06143
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $114,069 | $22,369 | $91,700 | $539,118 | $0 | $539,118 |
| December 31, 2024 | 990-EZ | $130,576 | $17,662 | $112,914 | $409,339 | $0 | $409,339 |
| December 31, 2023 | 990-EZ | $97,996 | $13,721 | $84,275 | $283,906 | $0 | $283,906 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $101,177
- Program service revenue
- $0
- Investment income
- $12,892
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,748
- Program services (functional)
- $22,369
Balance sheet and other
- Total assets, start of year
- $409,339
- Total assets, end of year
- $539,118
- Total liabilities, end of year
- $0
- Net assets, end of year
- $539,118
- Gross receipts
- $114,069
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1984
- State of legal domicile
- NJ
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICTOR HENDERSON | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| WILLIAM G SMITH | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 |
| Tyreek Wilson | Member Trustee or director | 2 | $0 |
| ROBERT SIMPSON | MEMBER Institutional trustee | 2 | $0 |
| CHARLES DOUGLAS | SECRETARY Institutional trustee | 2 | $0 |
| MICHAEL BAILEY | TREASURER Institutional trustee | 2 | $0 |
| GEORGE MOSSEE JR | MEMBER Institutional trustee | 2 | $0 |
| John Heard | Member Institutional trustee | 2 | $0 |
| Duane Holman | Member Institutional trustee | 2 | $0 |
| Damilola Odegbile | member Institutional trustee | 2 | $0 |
| MICHAEL HASKINS | MEMBER Officer | 2 | $0 |
| GOW W MOSBY JR | MEMBER Officer | 2 | $0 |
| MEDI GERMAIN | MEMBER Officer | 2 | $0 |
990-EZ for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICTOR HENDERSON | CHAIRMAN | 2 | $0 |
| WILLIAM G SMITH | VICE CHAIRMAN | 2 | $0 |
| ROBERT SIMPSON | MEMBER | 2 | $0 |
| CHARLES DOUGLAS | SECRETARY | 2 | $0 |
| MICHAEL BAILEY | TREASURER | 2 | $0 |
| GEORGE MOSSEE JR | MEMBER | 2 | $0 |
| MICHAEL HASKINS | MEMBER | 2 | $0 |
| GOW W MOSBY JR | MEMBER | 2 | $0 |
| MEDI GERMAIN | MEMBER | 2 | $0 |
| John Heard | Member | 2 | $0 |
| Duane Holman | Member | 2 | $0 |
| Damilola Odegbile | member | 2 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| VICTOR HENDERSON | CHAIRMAN | 2 | $0 | $9 |
| WILLIAM G SMITH | VICE CHAIRMAN | 2 | $0 | $0 |
| ROBERT SIMPSON | MEMBER | 2 | $0 | $0 |
| CHARLES DOUGLAS | SECRETARY | 2 | $0 | $0 |
| MICHAEL BAILEY | TREASURER | 2 | $0 | $0 |
| GEORGE MOSSEE JR | MEMBER | 2 | $0 | $0 |
| MICHAEL HASKINS | MEMBER | 2 | $0 | $0 |
| GOW W MOSBY JR | MEMBER | 2 | $0 | $0 |
| MEDI GERMAIN | MEMBER | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1079, HARTFORD, CT 06143-1079
- In care of
- % MICHEL BAILEY
- Mailing address (990-N for 2011)
- P O Box 8339, Silver Spring MD 20907
- Principal officer (990 for 2025)
- Victor Henderson, 140 South Dearborn Street, Suite 1200, Chicago, IL 60603
- Principal officer (990-N for 2011)
- Michel Bailey, PO Box 8339, Silver Spring MD 20907
- Signed the 990
- William Smith, Vice Chairman
- Phone
- (860) 463-4171
- Website
- GROOVEFUND.ORG
Mission
THE PURPOSE OF OUR ORGANIZATION IS TO RAISE FUNDS AND PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING COLLEGE.
Program accomplishments
- We awarded 18 scholarships in calendar year 2025 to students attending college. The expense was $18230.Expenses $18,230
- Legal and professional expenses were $1,748.00 Office supplies were $$1,169.00 Postage was $637.00Expenses $3,554
- State Corporation filing fees $74 Paypal fees 511.00Expenses $585
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 52-2107162
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $539,118
- Income (IRS master file)
- $114,069
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $114,069 | $22,369 | $539,118 | XML |
| 990-EZ | December 2024 | $130,576 | $17,662 | $409,339 | XML |
| 990-EZ | December 2023 | $97,996 | $13,721 | $283,906 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2011 Officer: Michel Bailey | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 52-2107162).
Questions about GROOVE FUND INC
- What is the EIN of GROOVE FUND INC?
- The employer identification number (EIN) of GROOVE FUND INC is 52-2107162.
- Is GROOVE FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to GROOVE FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GROOVE FUND INC 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 GROOVE FUND INC 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 GROOVE FUND INC 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 GROOVE FUND INC?
- The 990 for the year ended December 31, 2025 names Victor Henderson.
- Who are the officers and directors of GROOVE FUND INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does GROOVE FUND INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $114,069, expenses of $22,369 and total assets of $539,118 at year end.
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