Nonprofit · EIN 87-1530516
GROUNDSWELL CHARITABLE FOUNDATION
Tax-exempt · EL SEGUNDO, CA 90245
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $11,890,610 | $4,621,910 | $7,268,700 | $11,049,807 | $518,226 | $10,531,581 |
| December 31, 2023 | 990 | $4,931,666 | $2,672,690 | $2,258,976 | $3,748,833 | $485,952 | $3,262,881 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,750,787
- Program service revenue
- $0
- Investment income
- $139,823
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,463,378
- Other salaries and wages
- $79,779
- Salaries, compensation and benefits (total)
- $102,261
- Professional fundraising fees
- $0
- Accounting fees
- $13,000
- Program services (functional)
- $4,550,300
- Management and general (functional)
- $66,497
- Fundraising (functional)
- $5,113
Balance sheet and other
- Total assets, start of year
- $3,748,833
- Total assets, end of year
- $11,049,807
- Total liabilities, end of year
- $518,226
- Net assets, end of year
- $10,531,581
- Net assets without donor restrictions
- $10,531,581
- Gross receipts
- $11,890,610
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2021
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAKE WOOD | PRESIDENT & DIRECTOR Trustee or director, Officer | 2 | $0 |
| JOE MARCHESE | TREASURER Trustee or director, Officer | 2 | $0 |
| ADAM MILLER | SECRETARY Trustee or director, Officer | 2 | $0 |
| SHAWN BEIDLER | DIRECTOR Trustee or director | 2 | $0 |
| JULIE BRANDT | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAKE WOOD | PRESIDENT & DIRECTOR Trustee or director, Officer | 2 | $0 |
| JOE MARCHESE | TREASURER Trustee or director, Officer | 2 | $0 |
| ADAM MILLER | SECRETARY Trustee or director, Officer | 2 | $0 |
| SEAN BEIDLER | DIRECTOR Trustee or director | 2 | $0 |
| JULIE BRANDT | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 880 APOLLO ST STE 246, EL SEGUNDO, CA 90245-4782
- Mailing address (990-N for 2021)
- 2814 Timothy Ave, Redondo Beach CA 90278
- Principal officer (990 for 2024)
- JAKE WOOD, 880 APOLLO ST SUITE 246, EL SEGUNDO, CA 90245
- Principal officer (990-N for 2021)
- Jake Wood, 2814 Timothy Ave, Redondo Beach CA 90278
- Signed the 990
- JAKE WOOD, PRESIDENT
- Phone
- (310) 696-0777
- Return prepared by
- QUIGLEY & MIRON
California records
California keeps its own records of charities and corporations. Search them by EIN 87-1530516 or by the name GROUNDSWELL CHARITABLE FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO EMPOWER MODERN PHILANTHROPISTS WITH THE TOOLS THEY NEED TO BUILD BRIDGES BETWEEN COMPANIES AND NONPROFITS TO FOSTER SMART PHILANTHROPY FOR MAXIMUM IMPACT TO CHARITABLE CAUSES.
Program accomplishments
- IN 2024, THE GROUNDSWELL CHARITABLE FOUNDATION RECEIVED $11,750,787 IN CONTRIBUTIONS, AND DISBURSED $4,463,378 IN GRANTS AT THE ADVICE OF DONORS. OVER 26,000 INDIVIDUAL GRANTS WERE MADE, CONSTITUTING APPROXIMATELY 4,850 UNIQUE NONPROFIT RECIPIENTS. THE TOP FIVE NONPROFITS (BY NUMBER OF GRANTS) WERE: US VENTURE ACT FUND, KENYA WORKS, UNITED WAY FOX CITIES, AMERICAN NATIONAL RED CROSS, AND ST. JUDE CHILDREN'S RESEARCH HOSPITAL.Expenses $4,550,300 · grants $4,463,378
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-1530516
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $11,049,807
- Income (IRS master file)
- $11,890,610
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,890,610 | $4,621,910 | $11,049,807 | XML |
| 990 | December 2023 | $4,931,666 | $2,672,690 | $3,748,833 | XML |
| 990 | December 2022 | $2,782,421 | $1,778,516 | $1,235,867 | IRS |
| 990-N for 2021 Officer: Jake Wood | December 31, 2021 | ≤ $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 87-1530516).
Questions about GROUNDSWELL CHARITABLE FOUNDATION
- What is the EIN of GROUNDSWELL CHARITABLE FOUNDATION?
- The employer identification number (EIN) of GROUNDSWELL CHARITABLE FOUNDATION is 87-1530516.
- Is GROUNDSWELL CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to GROUNDSWELL CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GROUNDSWELL CHARITABLE 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 GROUNDSWELL CHARITABLE 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 GROUNDSWELL CHARITABLE 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 GROUNDSWELL CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 names JAKE WOOD.
- Who are the officers and directors of GROUNDSWELL CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does GROUNDSWELL CHARITABLE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,890,610, expenses of $4,621,910 and total assets of $11,049,807 at year end.
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