Groundwork Indy INC EIN 47-3863928 Form 990 (PDF) Claim this org

Groundwork Indy INC FY2020 filing

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Empowers communities to improve and manage the environment for lasting well-being. For fiscal year 2020 it reported $1.0M in revenue, $769K in expenses, and $514K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Indianapolis, IN
Website
groundworkindy.org
Filings
5 on file (2020–2020)
Revenue
$1.0MFY2020
Expenses
$769K
Net assets
$514K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-3863928 Public charity (501(c)(3)) Indianapolis, IN
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers communities to improve and manage the environment for lasting well-being.
Leadership
Phyllis Boyd · Executive Dir. · $77K
Money in and out
$1.0M revenue, $769K expenses
Bottom line
79% program efficiency
Where the money goes · FY2020
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$769K
Pt IX · Ln 25
Net assets
$514K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $240K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs
Operating runway
7.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+24%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$1.0M
FY2020
Expenses
$769K
FY2020
Total assets
$604K
FY2020
Total liabilities
$89K
FY2020
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$769K
Pt IX · Ln 25
Net assets
$514K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$240K
Total assetsPt X · Ln 16$604K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGroundwork Indy INC
EINHdr · item D47-3863928
Principal addressHdr · item CIndianapolis, IN
WebsiteHdr · item Jgroundworkindy.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFJan 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$77,308Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Adam Velazquez’s $83K as Exec Director is at the 59th percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Adam Velazquez$83,228$75,000$53,365
Phyllis Boyd$63,323$77,308
Elizabeth Wallin$55,246$17,955
Ron Rice$4,550

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $605K of program spending, described in the organization's own filed words · FY2020.
01

Plan and develop activities to aid in the clean up and reuse of brownfields and derelict land for greenspace. Employ youth to take part in hands-on improvement projects, helping to lead local environmental initiatives, learning more about local food and nutrition through gardening, conducting outreach to their peers, and various service…

$605Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$910K · 90%
Program service revenue$98K · 10%
Contributions & grants90%$910K
Program service revenue10%$98K
Investment income$2K
— government grantsLn 1e$33K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$605K
Management & general21%$165K
Total functional expensesLn 25$769K

Balance Sheet

Part X · end of year
CashLn 1$496K
Total assetsLn 16$604K
Total liabilitiesLn 26$89K
Total net assetsLn 32$514K
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $496K · Operating expenses/yr $769K
7.7 months
Where the money goes
Program services
Program services $605K · Total expenses $769K
79%
Management & General
Management & general $165K · Total expenses $769K
21%
Fundraising
Fundraising $0 · Total expenses $769K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $877K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $910K · Total revenue $1.0M
90%
Government reliance
Government grants $33K · Total revenue $1.0M
3%
Earned-income share
Program service revenue $98K · Total revenue $1.0M
10%
Investment reliance
Investment income $2K · Total revenue $1.0M
+0.2%
Program self-sufficiency
Program service revenue $98K · Total expenses $769K
13%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $514K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $769K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $604K
Net-asset ratio
Net assets $514K · Total assets $604K
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $604K
0%
People & payroll
Highest Reported Total Compensation
Individual Phyllis Boyd · Reported title Executive Dir. · Highest reported compensation $77K · Total expenses $769K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $492K · Total expenses $769K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Investment management fee ratio 0%
Legal fee ratio 0.01%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$806K revenue · ⤓ 990 PDF
FY2023$773K revenue · ⤓ 990 PDF
FY2022$896K revenue · ⤓ 990 PDF
FY2021$842K revenue · ⤓ 990 PDF
FY2020$1.0M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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