Groundswell Fund
- Assets
- $53.8m
- Revenue
- $29.6m
- Investments
- $5.1k
- Employees
- 35
- Location
- San Francisco, CA
- Founding
- 07/2015
- Data as of
- 12/2022
- EIN
- 47-4003615
Organization Overview
Groundswell Fund is located in San Francisco, CA. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Groundswell Fund employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Groundswell Fund 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 12/2022, Groundswell Fund generated $29.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $20.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Groundswell Fund has awarded 1,090 individual grants totaling $79,076,973. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GROUNDSWELL SUPPORTS A STRONGER, MORE EFFECTIVE U.S. MOVEMENT FOR REPRODUCTIVE JUSTICE BY MOBILIZING NEW FUNDING AND CAPACITY BUILDING RESOURCES TO GRASSROOTS ORGANIZING AND POLICY CHANGE EFFORTS LED TO EMPOWER LOW INCOME WOMEN, WOMEN OF COLOR, TRANSGENDER PEOPLE AND (CONT ON PG 2)
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKINGGROUNDSWELL FUND SUPPORTS ORGANIZATIONS ACROSS THE UNITED STATES. OUR GRANTMAKING FOCUSES ON BOLSTERING AND SCALING ORGANIZATIONS THAT ARE BUILDING A GRASSROOTS BASE OF SUPPORT FOR REPRODUCTIVE JUSTICE (RJ) POLICY AND SYSTEMS CHANGE; ON ORGANIZATIONS THAT ARE REDUCING POOR BIRTHING OUTCOMES BY EXPANDING ACCESS TO COMMUNITY-BASED MIDWIFERY AND DOULA CARE. WE ACKNOWLEDGE THAT SYSTEMS CHANGE TAKES TIME. THUS, THE VAST MAJORITY OF OUR GRANTS ARE FOR GENERAL SUPPORT, AND WE COMMIT TO FUNDING EFFICIENT AND EFFECTIVE ORGANIZATIONS OVER MANY YEARS. WE AWARD GRANTS THROUGH FIVE FUNDS AND THROUGH OUR CAPACITY BUILDING PROGRAMS.
CAPACITY BUILDINGTHE UNDERLYING PRINCIPLE OF OUR CAPACITY-BUILDING WORK IS THAT ALL PROGRAMS ARE OPT-IN FOR GRANT PARTNERS, AND ORGANIZATIONS WILL NOT BE REQUIRED TO PARTICIPATE IN THESE PROGRAMS TO RECEIVE OTHER GRANT SUPPORT. INTERESTED ORGANIZATIONS MAY APPLY TO BE CONSIDERED FOR SPECIFIC CAPACITY BUILDING PROGRAMS, WHICH CURRENTLY INCLUDE: (A) INTEGRATED CIVIC ENGAGEMENT, (B) GRASSROOTS ORGANIZING INSTITUTE, (C) INCOME DIVERSIFICATION, AND (D) ORGANIZATIONAL DEVELOPMENT.
FUNDER ORGANIZINGWE EXPLICITLY CENTER OUR GIVING ON WORK LED BY WOMEN OF COLOR, PARTICULARLY THOSE WHO ARE BLACK, INDIGENOUS, TRANSGENDER, AND GENDER NON-CONFORMING AND DO MORE TO SUSTAIN AND NOURISH OUR GRANTEES: INCREASING RESOURCES FOR HEALING JUSTICE, ORGANIZATIONAL DEVELOPMENT, CIVIC EDUCATION, DATA MANAGEMENT, LEGAL SUPPORT, AND CLIMATE JUSTICE. WE SUPPORT GROUPS WHO ASK FOR OUR HELP TO CONNECT AND BUILD TOGETHER ACROSS GEOGRAPHIES AND SECTORS, AND CREATE A STRONGER COMMUNITY FOR DONORS WHO WANT TO DEEPEN THEIR ENGAGEMENT AND LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheena Johnson Interim Co Ed | Officer | 37 | $265,299 |
Vanessa Daniel Former Executive Director | 0 | $255,145 | |
Meenakshi Menon Interim Co-Ed | Officer | 37 | $234,375 |
Chanda Jones CFO | Officer | 38 | $187,761 |
Quanita Toffie Sr Director-Action | 0 | $192,643 | |
Aileen Hammond Sr Dir Grantmaking | 40 | $137,179 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rivera Consulting Consulting | 12/30/20 | $106,300 |
Korwin Consulting Consulting | 12/30/20 | $103,129 |
Rivera Consulting Consulting | 12/30/20 | $106,300 |
Korwin Consulting Consulting | 12/30/20 | $103,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,279,065 |
| Noncash contributions included in lines 1a–1f | $2,816,388 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,279,065 |
| Total Program Service Revenue | $600 |
| Investment income | $136,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$914 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,604,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,461,055 |
| 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. | $942,580 |
| Compensation of current officers, directors, key employees. | $283,476 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,369,355 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,438,287 |
| Payroll taxes | $263,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,766 |
| Fees for services: Accounting | $128,292 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $53,750 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $459,673 |
| Advertising and promotion | $0 |
| Office expenses | $85,614 |
| Information technology | $192,849 |
| Royalties | $0 |
| Occupancy | $1,754 |
| Travel | $165,921 |
| 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 | $57,608 |
| Insurance | $12,166 |
| All other expenses | $27,857 |
| Total functional expenses | $20,741,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,196,486 |
| Savings and temporary cash investments | $33,923,500 |
| Pledges and grants receivable | $14,039,601 |
| 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 | $57,144 |
| Net Land, buildings, and equipment | $46,530 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,054 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $504,399 |
| Total assets | $53,772,714 |
| Accounts payable and accrued expenses | $314,868 |
| Grants payable | $3,752,000 |
| 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 | $1,000,000 |
| Total liabilities | $5,066,868 |
| Net assets without donor restrictions | $22,161,907 |
| Net assets with donor restrictions | $26,543,939 |
| 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 | $53,772,714 |
Grants Awarded
Over the last fiscal year, Groundswell Fund has awarded $13,304,255 in support to 199 organizations.
| Grant Recipient | Amount |
|---|---|
7TH GEN FUND FOR INDIGENOUS P PURPOSE: Program Support | $100,000 |
9TO5 NATL ASSN WORKING WOMEN PURPOSE: Program Support | $10,000 |
A VISION 4 HOPE PURPOSE: Program Support | $6,240 |
ABOLITIONIST TEACHING NETWORK PURPOSE: Program Support | $10,000 |
ACCESS PHILANTHROPY CHARITIES PURPOSE: Program Support | $50,000 |
ACCESS REPRODUCTIVE CARE - SE PURPOSE: Program Support | $160,000 |