Groove Fund Inc

Organization Overview

Groove Fund Inc is located in Hartford, CT. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Groove Fund 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 12/2022, Groove Fund Inc generated $137.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.6% each year . All expenses for the organization totaled $56.0k during the year ending 12/2022. While expenses have increased by 24.0% 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.

Mission & Program ActivityExcerpts From the 990EZ Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3

WE AWARDED 17 SCHOLARSHIPS TO STUDENTS $17,500 WE AWARDED $35,662 IN SCHOLARSHIP FUNDS TO MORGAN STATE UNIVERSITY


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$129,970
Total Program Service Revenue$0
Membership dues$0
Investment income $7,264
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$137,234

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Groove Fund Inc has recieved totaling $76.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$76
View Grant Recipient Profile

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