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Nonprofit · EIN 81-1417100

GROUNDSWELL STARTUPS INC

Tax-exempt · MELBOURNE, FL 32901

Financials

$459K$531K2023$482K$560K2024$634K$653K2025
Revenue Expenses · by fiscal year end
Financials of GROUNDSWELL STARTUPS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$633,648$653,275-$19,627$469,242$482$468,760
December 31, 2024990$481,864$559,976-$78,112$488,766$379$488,387
December 31, 2023990$458,638$530,980-$72,342$580,402$9,743$570,659
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$330,417
Membership dues
$330,417
Program service revenue
$93,399
Investment income
$0
Other revenue
$209,832

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$187,678
Salaries, compensation and benefits (total)
$204,953
Professional fundraising fees
$0
Accounting fees
$10,114
Occupancy
$49,299
Travel
$10,436
Depreciation
$47,766
Program services (functional)
$610,367
Management and general (functional)
$42,908

Balance sheet and other

Total assets, start of year
$488,766
Total assets, end of year
$469,242
Total liabilities, end of year
$482
Net assets, end of year
$468,760
Land, buildings and equipment
$333,419
Net assets without donor restrictions
$468,760
Gross receipts
$633,648
Employees
3
Year formed
2015
State of legal domicile
FL

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 / weekCompensation
BUD DEFFENBACHDIRECTOR
Trustee or director
0$0
MARK MOHLERDIRECTOR
Trustee or director
0$0
JOHN VECCHIODIRECTOR
Trustee or director
0$0
MAMOON RASHIDDIRECTOR
Trustee or director
0$0
RUCHIR GUPTADIRECTOR
Trustee or director
0$0
RYAN BAILEYDIRECTOR
Trustee or director
0$0
SALLIE HALSEYCSO
Officer
0$0
990 for the year ended December 31, 2024: 7 people
NameTitleHours / weekCompensation
BUD DEFFENBACHDIRECTOR
Trustee or director
0$0
MARK MOHLERDIRECTOR
Trustee or director
0$0
JOHN VECCHIODIRECTOR
Trustee or director
0$0
MAMOON RASHIDDIRECTOR
Trustee or director
0$0
RUCHIR GUPTADIRECTOR
Trustee or director
0$0
RYAN BAILEYDIRECTOR
Trustee or director
0$0
SALLIE HALSEYCSO
Officer
0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
SALLIE HALSEYCSO
Officer
0$1,600
RUCHIR GUPTADIRECTOR
Trustee or director
0$0
RYAN BAILEYDIRECTOR
Trustee or director
0$0
MAMOON RASHIDDIRECTOR
Trustee or director
0$0
BUD DEFFENBACHDIRECTOR
Trustee or director
0$0
MARK MOHLERDIRECTOR
Trustee or director
0$0
JOHN VECCHIODIRECTOR
Trustee or director
0$0

Address and contacts

Address (IRS master file)
2412 IRWIN ST, MELBOURNE, FL 32901-7316
In care of
% MAMOON RASHID
Signed the 990
MAMOON RASHID, DIRECTOR
Phone
(954) 830-3889
Return prepared by
BLOOM CPAS AND ADVISORS LLC

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.

990 for the year ended December 31, 2025

Program accomplishments

  • 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

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
81-1417100
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
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$469,242
Income (IRS master file)
$633,648

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$633,648$653,275$469,242XML
990-TDecember 2025–––IRS
990December 2024$481,864$559,976$488,766XML
990-TDecember 2024–––IRS
990December 2023$458,638$530,980$580,402XML
990December 2022$881,413$367,760$643,253IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990-EZDecember 2018–––IRS
990December 2017–––IRS

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 81-1417100).

Questions about GROUNDSWELL STARTUPS INC

What is the EIN of GROUNDSWELL STARTUPS INC?
The employer identification number (EIN) of GROUNDSWELL STARTUPS INC is 81-1417100.
Is GROUNDSWELL STARTUPS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to GROUNDSWELL STARTUPS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GROUNDSWELL STARTUPS 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 GROUNDSWELL STARTUPS 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 GROUNDSWELL STARTUPS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who are the officers and directors of GROUNDSWELL STARTUPS INC?
The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does GROUNDSWELL STARTUPS INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $633,648, expenses of $653,275 and total assets of $469,242 at year end.

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