Groundcover News
- Assets
- $70.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 01/2012
- Data as of
- 06/2022
- EIN
- 27-3287108
Organization Overview
Groundcover News is located in Ann Arbor, MI. The organization was established in 2012. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Groundcover News 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 06/2022, Groundcover News generated $73.8k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $63.7k during the year ending 06/2022. While expenses have increased by 10.2% per year over the past 2 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO EMPOWER LOW-INCOME PERSONS TO MAKE THE TRANSITIONS FROM HOMELESS TO HOUSED, AND FROM JOBLESS TO EMPLOYED. STREET NEWSPAPERS LIKE GROUNDCOVER NEWS EXIST IN CITIES ALL OVER THE UNITED STATES, AS WELL AS IN MORE THAN 40 OTHER COUNTRIES, IN AN EFFORT TO RAISE AWARENESS OF THE PLIGHT OF THE HOMELESS AND COMBAT THE INCREASE IN POVERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Hoffman President | 1 | $0 | |
Veronica Sanitate Vice Preside | 1 | $0 | |
Jack Edelstein Treasurer | 1 | $0 | |
Karen Prochnow Secretary | 1 | $0 | |
Susan Beckett Board Member | 1 | $0 | |
Hailu Shitaye Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,324 |
| Total Program Service Revenue | $42,398 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $54 |
| Total Revenue | $73,781 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $52,619 |
| Occupancy, rent, utilities, and maintenance | $1,063 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,975 |
| Total expenses | $63,657 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $70,593 |
| Other assets | $0 |
| Total assets | $70,593 |
| Total liabilities | $0 |
| Net assets or fund balances | $70,593 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Groundcover News has recieved totaling $73.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $63 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highland County Community Action Organization Hillsboro, OH | $8,566,357 | $9,816,466 |
District Council Of Madison Inc Society Of St Vincent De Paul Madison, WI | $28,009,040 | $10,756,088 |
Community Action Program Inc Of Western Indiana Covington, IN | $9,425,677 | $9,597,649 |
Pace Community Action Agency Inc Vincennes, IN | $6,262,841 | $9,668,653 |
Catholic Charities Of Southeast Michigan Southfield, MI | $5,579,217 | $10,927,167 |
Community Action Commission Of Erie Huron & Richland Counties Inc Sandusky, OH | $1,848,122 | $9,418,648 |
Providence Self Sufficiency Ministries Inc Georgetown, IN | $1,706,729 | $8,401,809 |
Good Shepherd Home Ltd Seymour, WI | $8,463,620 | $9,263,497 |
Ohio Partners For Afforable Energy Findlay, OH | $9,545,597 | $9,033,795 |
Foundation For Behavioral Resources Augusta, MI | $12,512,722 | $9,178,628 |
Ohio Valley Opportunities Inc Madison, IN | $5,312,913 | $8,755,529 |
Ross County Community Action Commission Inc Chillicothe, OH | $2,353,377 | $8,335,614 |