The Groundwater Foundation
- Assets
- $2.5m
- Revenue
- $557.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Westerville, OH
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 31-1415293
Organization Overview
The Groundwater Foundation is located in Westerville, OH. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Groundwater Foundation 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 12/2021, Groundwater Foundation generated $557.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 53.0% each year . All expenses for the organization totaled $192.5k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL RESEARCH AND CHARITABLE ACTIVITIES RELATED TO GROUND WATER INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER PROGRAM ACTIVITIES - THE GROUNDWATER FOUNDATION ALSO DIRECTS A VARIETY OF OTHER PROGRAMS TO FURTHER THE MISSION OF CONDUCTING EDUCATIONAL RESEARCH AND CHARITABLE ACTIVITIES RELATED TO GROUND WATER AND THE GROUND WATER INDUSTRY.
SCIENTIFIC LECTURE SERIES - THE GROUNDWATER FOUNDATION COORDINATES SEVERAL DIFFERENT SCIENTIFIC LECTURE SERIES TO PROMOTE EXCELLENCE AND FOSTER INTEREST IN GROUND WATER SCIENCE, TECHNOLOGY, AND THE INDUSTRY IN GENERAL. THESE SCIENTIFIC LECTURE SERIES PROVIDE EDUCATIONAL OPPORTUNITIES FOR A VARIETY OF DIFFERENT INDIVIDUALS AND ORGANIZATIONS INTERESTED IN THE GROUND WATER INDUSTRY.
SCHOLARSHIPS/CONTRIBUTIONS - THE GROUNDWATER FOUNDATION PROVIDE A VARIETY OF SCHOLARSHIPS AND GRANTS TO INDIVIDUALS AND ORGANIZATIONS TO ADVANCE YOUNG PEOPLE IN GROUND WATER-RELATED FIELDS; TO FUND LEADING-EDGE PROGRAMMING THAT STIMULATES NEW KNOWLEDGE, INFORMATION, PROGRAMS AND PRODUCTS TO ADVANCE GROUND WATER SCIENCE AND TECHNOLOGY; TO PROMOTE PARTICIPATION IN THE INTERNATIONAL SCIENCE AND ENGINEERING FAIR; AND TO BENEFIT THE QUALITY OF LIFE FOR PEOPLE AROUND THE WORLD WITHOUT ACCESS TO PLENTIFUL SUPPLIES OF POTABLE GROUND WATER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Evener Vice President Of Operations | Officer | 2 | $0 |
John Boyette Board Chair | Officer | 1 | $0 |
Terry Morse Chief Executive Officer | Officer | 5 | $0 |
Fred Rothauge Treasurer | Trustee | 1 | $0 |
Jim Lococo Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,110 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,095 |
| All other contributions, gifts, grants, and similar amounts not included above | $330,991 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $402,196 |
| Total Program Service Revenue | $3,577 |
| Investment income | $63,661 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,996 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $557,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,771 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,369 |
| Fees for services: Other | $22,957 |
| Advertising and promotion | $7,369 |
| Office expenses | $62,268 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $203 |
| Travel | $13,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,492 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173 |
| Insurance | $0 |
| All other expenses | $217 |
| Total functional expenses | $192,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $601,417 |
| Savings and temporary cash investments | $7,403 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,735 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,994 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,822,207 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,991 |
| Total assets | $2,483,747 |
| Accounts payable and accrued expenses | $948,589 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $948,589 |
| Net assets without donor restrictions | $390,342 |
| Net assets with donor restrictions | $1,144,816 |
| 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 | $2,483,747 |
Grants Awarded
Over the last fiscal year, The Groundwater Foundation has awarded $47,920 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WATER4INC PURPOSE: RESEARCH GRANT | $27,920 |
TARAHUMARA CHILDREN'S HOSPITAL FUND OF ORGEON PURPOSE: RESEARCH GRANT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Groundwater Foundation has recieved totaling $34,821.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: EDUCATION | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $9,750 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $71 |
Endowment Analysis
| Beg. Balance | $934,710 |
| Earnings | $197,796 |
| Net Contributions | $213,500 |
| Other Expense | $193,190 |
| Grants | $8,000 |
| Ending Balance | $1,144,816 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chevron Phillips Chemical Co Lp Health & Benefit Tr Veba Pittsburgh, PA | $15,880,618 | $77,964,861 |
Inspirittec Inc Philadelphia, PA | $65,630,872 | $75,964,924 |
West Virginia University Medical Corporation Morgantown, WV | $21,363,966 | $59,205,918 |
Pennsylvania Virtual Charter School King Of Prussia, PA | $24,898,829 | $49,068,085 |
Pay It Forward Foundation Inc Pittsburgh, PA | $11,909,629 | $29,731,720 |
Wood County Schools Benefit Plan Bowling Green, OH | $9,100,102 | $25,909,869 |
Lifesteps Inc Butler, PA | $25,871,848 | $32,536,752 |
Progressnow Education Lansing, MI | $1,591,280 | $29,411,544 |
Inside Track Impact Inc Indianapolis, IN | $23,220,663 | $19,614,456 |
Benefits Data Trust Philadelphia, PA | $35,254,049 | $26,526,932 |
Voices For Independence Erie, PA | $11,834,971 | $20,276,084 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |