Groundswell Charitable Foundation
- Assets
- $1.2m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Redondo Beach, CA
- Founding
- Data as of
- 12/2022
- EIN
- 87-1530516
Organization Overview
Groundswell Charitable Foundation is located in Redondo Beach, CA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Groundswell Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Groundswell Charitable Foundation has awarded 11 individual grants totaling $1,444,791. 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
BUILDING BRIDGES BETWEEN COMPANIES AND NONPROFITS BY EMPOWERING A NEW GENERATION OF MODERN PHILANTROPISTS WITH THE TOOLS THEY NEED TO MAKE THE MOST IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, THE GROUNDSWELL CHARITABLE FOUNDATION RECEIVED $2,780,608 IN CONTRIBUTIONS, AND DISBURSED $,1558,692 IN DONATIONS AT THE ADVICE OF DONORS. OVER 1,600 INDIVIDUAL DONATIONS WERE MADE, CONSTITUTING APPROXIMATELY 975 UNIQUE NONPROFIT RECIPIENTS. THE MEDIAN DONATION AMOUNT IN 2022 WAS $75. THE TOP FIVE CAUSE AREAS (BY NUMBER OF DONATIONS) WERE HEALTH, COMMUNITY & YOUTH, DISASTER RELIEF, ANIMALS, AND EDUCATION. THE TOP FIVE NONPROFITS (BY NUMBER OF DONATIONS) WERE TEAM RUBICON, HAYMAKERS FOR HOPE, ST. JUDE CHILDREN'S HOSPITAL, WORLD CENTRAL KITCHEN, AND THE AMERICAN RED CROSS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Wood President & Director | OfficerTrustee | 2 | $0 |
Joe Marchese Treasurer | OfficerTrustee | 2 | $0 |
Adam Miller Secretary | OfficerTrustee | 2 | $0 |
Sean Beidler Director | Trustee | 2 | $0 |
Julie Brandt Director | Trustee | 2 | $0 |
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 | $2,780,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,780,608 |
| Total Program Service Revenue | $0 |
| Investment income | $1,813 |
| 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 | $2,782,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,558,692 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $140,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,582 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,560 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,058 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $20,975 |
| Total functional expenses | $1,778,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,235,867 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,235,867 |
| Accounts payable and accrued expenses | $14,580 |
| 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 | $217,382 |
| Total liabilities | $231,962 |
| Net assets without donor restrictions | $1,003,905 |
| Net assets with donor restrictions | $0 |
| 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 | $1,235,867 |
Grants Awarded
Over the last fiscal year, Groundswell Charitable Foundation has awarded $1,444,791 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
TEAM RUBICON PURPOSE: GENERAL PURPOSE / UNRESTRICTED | $1,298,032 |
THE ROBIN HOOD FOUNDATION PURPOSE: GENERAL PURPOSE / UNRESTRICTED | $30,000 |
BERKSHIRE AGRICULTURE VENTURES PURPOSE: GENERAL PURPOSE / UNRESTRICTED | $20,250 |
OCEANIC SOCIETY EXPEDITIONS PURPOSE: GENERAL PURPOSE / UNRESTRICTED | $20,000 |
PERSON-TO-PERSON PURPOSE: GENERAL PURPOSE / UNRESTRICTED | $19,800 |
LUNADA BAY LITTLE LEAGUE PURPOSE: GENERAL PURPOSE / UNRESTRICTED | $10,101 |