The Groundwater Foundation

Tax-deductible

Westerville, OH501(c)(3)EducationEIN 31-1415293

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Educational research and charitable activities related to ground water industry.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 18 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $76K a year · 17% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $240K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$528K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$413K
-43% vs prior year
Spent
$344K
To programs
66%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$413K
FY2024▼ -43%
Revenue by fiscal year
FY2020$174K
FY2021$557K
FY2022$357K
FY2023$721K
FY2024$413K
Expenses
$344K
FY2024▼ -32%
Expenses by fiscal year
FY2020$383K
FY2021$192K
FY2022$414K
FY2023$508K
FY2024$344K
Net assets
$2.0M
FY2024▲ +20%
Net assets by fiscal year
FY2020$1.0M
FY2021$1.5M
FY2022$1.2M
FY2023$1.7M
FY2024$2.0M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $226K Management & general 34% · $118K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director of Finance
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Groundwater Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds research and charitable work for the groundwater industry.

Provided by the organization

This section is blank until The Groundwater Foundation claims this page.

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3 program services account for $101K of program spending, described in the organization's own filed words · FY2024.
01

USA Groundwater Fund

The groundwater foundation assists needy familes with access to ground water by providing grants and coordinating with local groundwater professionals. The fund has a three part purpose; education and training of groundwater professionals, public education and awarness, and to help fund the drilling and repair of water well for…

$75Kprogram expense
02

Student Education

The groundwater foundation created the ultimate groundwater education tool, known as the awesome aquifer kit. The kit is a fun and educational groundwater kit with everything you need to build an aquifer model and teach students the importance of clean and sustainable groundwater.

$23Kprogram expense
03

Scholarships/Contributions

The groundwater foundation provides scholarships and grants to individuals and organizations for stem education specifically related to groundwater; to fund leading-edge programming that stimulates new knowledge, information, programs and products to advance groundwater science and technology; and to benefit the quality of life for…

$3Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$240K
See all 3 funders →
Grants paid · 5 grants · $23K · 2020–2024
Unitemized GrantFY2024$4,000
Unitemized GrantFY2023$7,000
Unitemized GrantFY2022$1,000
Unitemized GrantFY2021$6,000
Unitemized GrantFY2020$5,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$413K
Ln 12
Gifts and grantsLn 1h$324K
Other incomeLn 4–11$60K
Investment incomeLn 3$25K
Money outPt IX
$344K
Ln 25
Programscol B$226K
Managementcol C$118K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$192K
Total assetsLn 16$2.6M
LiabilitiesLn 26$528K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$324K
Fees for servicesLn 2g$4K
Investment incomeLn 3$25K
Other incomeLn 4–11$60K
Gains on assetsLn 7−$46K
Total revenueLn 12$413K
Assets in detailPt X, end of year
CashLn 1$189K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$192K
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$2.6M
LiabilitiesLn 26$528K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$190K$192K
InvestmentsLn 11–13$2.1M$2.4M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$2.3M$2.6M
LiabilitiesLn 26$643K$528K
Net assetsLn 32$1.7M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K$4K
Legal feesLn 11b$1K$645$788
Investment management feesLn 11f$16K$16K
Other fees for servicesLn 11g$145K$81K$64K
Advertising and promotionLn 12$4K$2K$2K
Office expensesLn 13$54K$24K$30K
TravelLn 17$3K$1K$2K
Conferences, conventions and meetingsLn 19$7K$3K$4K
Other expenses (24a–d)Ln 24$109K$109K
Total functional expensesLn 25$344K$226K$118K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $413K$344K$70K$2.0M 990 PDF
FY2023 $721K$508K$213K$1.7M 990 PDF
FY2022 $357K$414K−$57K$1.2M 990 PDF
FY2021 $557K$192K$365K$1.5M 990 PDF
FY2020 $174K$383K−$209K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $413,216 across 9 lines filed
VIII-1b Membership dues$1,000
VIII-1d Related organizations$200,000
VIII-1f All other contributions, gifts and grants$123,186
VIII-1h Total contributions, gifts and grants$324,186
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,900$3,900
VIII-3 Investment incomeExcluded from tax $70,969$70,969
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$45,716−$45,716
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $59,877$59,877
VIII-12 Total revenueRelated to mission $63,777 · Unrelated business $0 · Excluded from tax $25,253$413,216
Part IX · Statement of functional expenses $343,581 across 9 lines filed
IX-2 Grants to domestic individualsPrograms $4,000$4,000
IX-11b Legal feesPrograms $645 · Management $788$1,433
IX-11f Investment management feesManagement $15,800$15,800
IX-11g Other fees for servicesPrograms $81,160 · Management $64,040$145,200
IX-12 Advertising and promotionPrograms $1,726 · Management $2,108$3,834
IX-13 Office expensesPrograms $24,481 · Management $29,905$54,386
IX-17 TravelPrograms $1,355 · Management $1,655$3,010
IX-19 Conferences, conventions and meetingsPrograms $2,967 · Management $3,624$6,591
IX-24 Other expenses (24a–d)Programs $109,327$109,327
IX-25 Total functional expensesPrograms $225,661 · Management $117,920 · Fundraising $0$343,581
Part X · Balance sheet $2,554,521 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $182,141$188,555
X-2 Savings and temporary cash investmentsStart of year $7,984$3,542
X-4 Accounts receivableStart of year $55,716$955
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $2,083,087$2,361,469
X-16 Total assetsStart of year $2,328,928$2,554,521
X-17 Accounts payable and accrued expensesStart of year $642,746$528,293
X-26 Total liabilitiesStart of year $642,746$528,293
X-27 Net assets without donor restrictionsStart of year $873,737$1,375,524
X-28 Net assets with donor restrictionsStart of year $812,445$650,704
X-32 Total net assets or fund balancesStart of year $1,686,182$2,026,228
X-33 Total liabilities and net assetsStart of year $2,328,928$2,554,521
Part XI · Reconciliation of net assets $2,026,228 net assets at year end
XI-1 Total revenue$413,216
XI-2 Total expenses$343,581
XI-3 Revenue less expenses$69,635
XI-4 Net assets at start of year$1,686,182
XI-5 Net unrealized gains (losses) on investments$220,411
XI-6 Donated services and use of facilities$50,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,026,228

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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