philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Groove Fund INC

Tax-deductible

Hartford, CT501(c)(3)EducationEIN 52-2107162Revenue $114K in FY2025

On file with the IRSgroovefund.orgPo Box 1079, 06143-1079 · Hartford, CTTax-exempt since Jan 1999Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

The purpose of our organization is to raise funds and provide scholarships to students attending college.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
289 mo
of spending, in cash
Looks good: 289.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$114K
-13% vs prior year
Spent
$22K
To programs
100%
Net assets
$539K
By yearFY2021–FY2025
Revenue
$114K
FY2025▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2021$83K
FY2022$137K
FY2023$98K
FY2024$131K
FY2025$114K
Net assets
$539K
FY2025▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2021$132K
FY2022$184K
FY2023$284K
FY2024$409K
FY2025$539K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1999.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $22K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
William G Smith
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Groove Fund INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Raises funds and provides scholarships for college students.

Questions for Groove Fund INC

Tap to ask. Groove Fund INC sees how many people are interested.

Your first name shows with your question. Groove Fund INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $22K · in their own filed words · FY2025
01

We awarded 18 scholarships in calendar year 2025 to students attending college. The expense was $18230.

$18Kprogram expense
02

Legal and professional expenses were $1,748.00 Office supplies were $$1,169.00 Postage was $637.00

$4Kprogram expense
03

State Corporation filing fees $74 Paypal fees 511.00

$585program expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Bank of America Charitable Foundation INCFY2023$1K
Amazonsmile FoundationFY2023$43
Total grants receivedfrom 2 funders$1K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$114K
Ln 12
Gifts and grantsLn 1h$101K
Investment incomeLn 3$13K
Money outPt IX
$22K
Ln 25
Programscol B$22K
Owns and owesPt X
$539K
net assets · Ln 32
Cash and savingsLn 1–2$539K
Total assetsLn 16$539K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$101K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$13K
Total revenueLn 12$114K
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$515K
Cash and savings togetherLn 1–2$539K
Total assetsLn 16$539K
LiabilitiesLn 26$0
Net assetsLn 32$539K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$409K$539K
Total assetsLn 16$409K$539K
LiabilitiesLn 26$0$0
Net assetsLn 32$409K$539K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Office expensesLn 13$2K$2K
Other expenses (24a–d)Ln 24$18K$18K$0$0
All other expensesLn 24e$585$585
Total functional expensesLn 25$22K$22K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $114K$22K$92K$539K 990 PDF
FY2024 $131K$409K 990 PDF
FY2023 $98K$284K 990 PDF
FY2022 $137K$184K 990 PDF
FY2021 $83K$132K 990 PDF

More to add? Claim this org

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 FY2025 990 (6 parts)
Part I · Summary $114,069 revenue, 12 lines filed
I-8 Contributions and grants$101,177
I-9 Program service revenue$0
I-10 Investment income$12,892
I-11 Other revenue$0
I-12 Total revenuePrior year $0$114,069
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$22,369
I-18 Total expensesPrior year $0$22,369
I-19 Revenue less expensesPrior year $0$91,700
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $114,069 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$101,177
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$101,177
VIII-3 Investment incomeRelated to mission $12,892 · Unrelated business $0 · Excluded from tax $0$12,892
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $12,892 · Unrelated business $0 · Excluded from tax $0$114,069
Part IX · Statement of functional expenses $22,369 across 4 lines filed
IX-11b Legal feesPrograms $1,748$1,748
IX-13 Office expensesPrograms $1,806$1,806
IX-24 Other expenses (24a–d)Programs $18,230 · Management $0 · Fundraising $0$18,230
IX-24e All other expensesPrograms $585$585
IX-25 Total functional expensesPrograms $22,369 · Management $0 · Fundraising $0$22,369
Part X · Balance sheet $539,118 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $22,760$24,568
X-2 Savings and temporary cash investmentsStart of year $386,579$514,550
X-16 Total assetsStart of year $409,339$539,118
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $409,339$539,118
X-33 Total liabilities and net assetsStart of year $409,339$539,118
Part XI · Reconciliation of net assets $539,118 net assets at year end
XI-1 Total revenue$114,069
XI-2 Total expenses$22,369
XI-3 Revenue less expenses$91,700
XI-4 Net assets at start of year$409,339
XI-5 Net unrealized gains (losses) on investments$38,079
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$539,118

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.