Groundswell Inc
- Assets
- $3.7m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Washington, DC
- Founding
- 04/2010
- Data as of
- 12/2023
- EIN
- 27-0201126
Organization Overview
Groundswell Inc is located in Washington, DC. The organization was established in 2010. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2023, Groundswell Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Groundswell Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Groundswell Inc generated $7.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $6.1m during the year ending 12/2023. While expenses have increased by 15.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Groundswell Inc has awarded 12 individual grants totaling $543,776. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR SOLAR PROJECTS DELIVER ENERGY SAVINGS, BUILD COMMUNITY WEALTH, AND SUPPORT LOCAL JOBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY AND DEVELOPMENT PROGRAMS GROUNDSWELL WORKS IN THE RAPIDLY EMERGING FIELDS OF COMMUNITY SOLAR AND ENERGY EQUITY TO PROVIDE ACCESS TO AFFORDABLE CLEAN ENERGY TO HOUSEHOLDS THAT ARE CURRENTLY EXCLUDED FROM PARTICIPATING IN SOLAR SAVINGS BECAUSE OF LOW CREDIT SCORES AND OTHER FINANCIAL BARRIERS. WE WORK WITH MUNICIPALITIES, CONGREGATIONS, LOCAL UTILITIES, AND OTHER PARTNERS TO DEVELOP, BUILD, AND MANAGE SOLAR PROJECTS THAT ALIGN THE VALUE OF SOLAR WITH COMMUNITY VALUES. WE COLLABORATE WITH LOCAL PARTNERS TO DELIVER RELATED JOB TRAINING, ENERGY EFFICIENCY, AND OTHER ALIGNED COMMUNITY BENEFITS TO MAXIMIZE THE IMPACT OF OUR WORK.GROUNDSWELL HAS DEVELOPED A REPLICABLE, SCALABLE MODEL FOR SHARING POWER WITH EQUITABLE COMMUNITY SOLAR THAT WORKS ACROSS MULTIPLE STATES. WE PARTNER WITH LOCAL NONPROFITS TO EXPAND OUR WORK INTO EMERGING STATE COMMUNITY SOLAR MARKETS. WE ARE CURRENTLY WORKING WITH MULTIPLE LOCAL PARTNERS IN THE DISTRICT OF COLUMBIA, GEORGIA, MARYLAND, AND NEW YORK STATE AND ARE EXPANDING OUR PROGRAM IN HAWAII AND ILLINOIS. GROUNDSWELL IS BUILDING EQUITABLE COMMUNITY SOLAR PROJECTS IN THE DISTRICT OF COLUMBIA AND IN MARYLAND THAT WILL PROVIDE MORE THAN $1.5 MILLION IN ELECTRICITY COST RELIEF TO LOW INCOME HOUSEHOLDS IN THE REGION. WE ARE COLLABORATING WITH WASHINGTON DC AND THE CITY OF BALTIMORE TO IMPLEMENT MUNICIPAL PROGRAMS THAT DELIVER ELECTRICITY COST REDUCTIONS THROUGH SOLAR POWER. WE ARE FURTHER WORKING WITH THE CITY OF BALTIMORE TO DEPLOY SOLAR AND ENERGY STORAGE SOLUTIONS TO SUPPORT LOCAL COMMUNITY RESILIENCE. WE ARE ALSO WORKING WITH LOCAL NONPROFIT PARTNERS AND MUNICIPAL UTILITIES IN GEORGIA TO DELIVER SOLAR PROJECTS AND RELATED LOW-INCOME ENERGY EFFICIENCY PROGRAMS THAT WILL DELIVER ELECTRICITY COST RELIEF AND OTHER COMMUNITY ECONOMIC DEVELOPMENT BENEFITS TO LOW-INCOME COMMUNITIES.IN PURSUIT OF OUR MISSION, GROUNDSWELL ALSO PROVIDES SERVICE DIRECTLY TO LOW-INCOME HOUSEHOLDS. WE ENROLL, DELIVER CUSTOMER SUPPORT, AND PROVIDE ONGOING BENCHMARKING AND REPORTING ON SAVINGS AND OTHER METRICS TO COMMUNITY SOLAR SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Donovan Chair | OfficerTrustee | 2.5 | $0 |
Bryce Schonberger Treasurer | OfficerTrustee | 2.5 | $0 |
Harold Mitchell Jr Director | OfficerTrustee | 2.5 | $0 |
Charles Imohiosen Director | Trustee | 1 | $0 |
Raj Krishnamurthy Director | Trustee | 1 | $0 |
Marisa Uchin Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Suncatch Energy Energy Consulting | 12/30/22 | $241,056 |
Cliftonlarsonallen Llp Accounting | 12/30/22 | $151,688 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,238,099 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,336,733 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,574,832 |
| Total Program Service Revenue | $1,730,443 |
| Investment income | $964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,309,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,507 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $474,873 |
| Compensation of current officers, directors, key employees. | $249,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,585,251 |
| Pension plan accruals and contributions | $54,851 |
| Other employee benefits | $150,311 |
| Payroll taxes | $151,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,562 |
| Fees for services: Accounting | $150,676 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,108,838 |
| Advertising and promotion | $81,219 |
| Office expenses | $51,375 |
| Information technology | $908 |
| Royalties | $0 |
| Occupancy | $96,999 |
| Travel | $117,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,867 |
| Insurance | $46,041 |
| All other expenses | $9,168 |
| Total functional expenses | $6,091,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,310,619 |
| Savings and temporary cash investments | $20,083 |
| Pledges and grants receivable | $272,180 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,004,395 |
| Net Land, buildings, and equipment | $5,560 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,162 |
| Other assets | $86,592 |
| Total assets | $3,708,591 |
| Accounts payable and accrued expenses | $108,401 |
| Grants payable | $0 |
| Deferred revenue | $562 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $108,963 |
| Net assets without donor restrictions | $1,879,993 |
| Net assets with donor restrictions | $1,719,635 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,708,591 |
Grants Awarded
Over the last fiscal year, Groundswell Inc has awarded $127,650 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTHFACE ENERGY INSTITUTE PURPOSE: ACCELERATING LOW-INCOME FINANCING AND TRANSACTIONS FOR SOLAR ACCESS EVERYWHERE | $16,982 |
ELEVATE ENERGY PURPOSE: ACCELERATING LOW-INCOME FINANCING AND TRANSACTIONS FOR SOLAR ACCESS EVERYWHERE | $76,991 |
SPELMAN COLLEGE PURPOSE: SOLAR HBCU INNOVATION IN MICROGRIDS & RESILIENCY WITH SOLAR+STORAGE | $12,309 |
PARTNERSHIP FOR SOUTHERN EQUITY PURPOSE: SOLAR HBCU INNOVATION IN MICROGRIDS & RESILIENCY WITH SOLAR+STORAGE | $21,368 |