Groover Labs INC

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $100 a year.

How does your 990 look to donors? Take the 10-Question Audit

Groover Labs is a non-profit whose mission is to foster growth in local start-up activity by providing a single location where entrepreneurs and tech workers can get support and share ideas in a collaborative working environment.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-3484606) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
85¢ 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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $245K a year · 39% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
7.3 mo
of spending, in cash
7.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$15K
1% of total assets
Liabilities are 1% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$770K
-27% vs prior year
Spent
$714K
To programs
85%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$770K
FY2025▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2020$246K
FY2021$215K
FY2022$496K
FY2023$1.0M
FY2024$1.0M
FY2025$770K
Expenses
$714K
FY2025▲ +81%
Tap a bar for its year
Expenses by fiscal year
FY2020$244K
FY2021$231K
FY2022$375K
FY2023$365K
FY2024$395K
FY2025$714K
Net assets
$1.5M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$19K
FY2021$3K
FY2022$124K
FY2023$775K
FY2024$1.4M
FY2025$1.5M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2020.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $607K Management & general 15% · $107K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Groover Labs INC executive salaries →

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

Fosters local startup growth by providing a collaborative space for entrepreneurs and tech workers to get support and share ideas.

Questions for Groover Labs INC

Tap to ask. Groover Labs INC sees how many people are interested.

Your first name shows with your question. Groover Labs INC answers here, for everyone.

3 programs · $607K · in their own filed words · FY2025
01

Co-Working Spaces

The 42,000 square-foot facility features a varietyof flexible work and meeting spaces that can be scheduled by the houror month. These spaces include large and small offices, dedicated andopen desk seating, seven conference rooms, a large event venue and twoclassrooms, all with high speed gigabit internet access.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-3484606) · Dispute this line
$301Kprogram expense
02

Makerspace

The large maker and prototyping space featuring advancedtools for printed circuit board (PCB) assembly, large format lasercutting, various forms of 3d printing, as well as wood and metal work.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-3484606) · Dispute this line
$182Kprogram expense
03

Event & Conference Facilities

Event and conference facilitiesavailable by the hour to the community at lower rates.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-3484606) · Dispute this line
$124Kprogram expense

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 · FY2023
Total grants receivedfrom 1 funder$25
Grants paid · 20 grants · $183K · 2025–2025
Toadworx LLCFY2025$19,000
Freeman Constructs INCFY2025$14,500
Grace Heritage FarmsFY2025$14,100
Deltawerx INCFY2025$12,500
Planetary Talent INCFY2025$11,500
Chatterbox Studios LLCFY2025$11,250
Brad Zwick InnovationFY2025$11,000
Proactive Ballistic Systems LLCFY2025$11,000
Lucille Group LLCFY2025$10,000
Ml Navigator INCFY2025$10,000
Winnovations LLCFY2025$8,675
George Consulting and EngineeringFY2025$7,500
Tacit Technologies LLCFY2025$7,000
Ilios Aerospace LLCFY2025$6,000
Endure Robotics LLCFY2025$5,000
Helten PanaceaFY2025$5,000
Promax FreightFY2025$5,000
Chasing Squirrels LLCFY2025$5,000
See all 20 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$770K
Ln 12
Fees for servicesLn 2g$560K
Gifts and grantsLn 1h$201K
Investment incomeLn 3$10K
Money outPt IX
$714K
Ln 25
Programscol B$607K
Managementcol C$107K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$433K
Total assetsLn 16$1.5M
LiabilitiesLn 26$15K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$201K
Government grantsLn 1e$200K
Fees for servicesLn 2g$560K
Investment incomeLn 3$10K
Total revenueLn 12$770K
Assets in detailPt X, end of year
CashLn 1$433K
Cash and savings togetherLn 1–2$433K
Accounts receivableLn 4$235
Land, buildings, equipmentLn 10c$1.0M
Intangible assetsLn 14$20K
Total assetsLn 16$1.5M
LiabilitiesLn 26$15K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 57
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$788K$433K
Land, buildings, equipmentLn 10c$626K$1.0M
Total assetsLn 16$1.4M$1.5M
LiabilitiesLn 26$11K$15K
Net assetsLn 32$1.4M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$183K$183K
Other salaries and wagesLn 7$169K$169K
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$13K$13K
Accounting feesLn 11c$18K$18K
Advertising and promotionLn 12$2K$2K$86
Office expensesLn 13$32K$13K$18K
OccupancyLn 16$102K$97K$5K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$121K$61K$61K
InsuranceLn 23$48K$43K$5K
Other expenses (24a–d)Ln 24$15K$15K
Total functional expensesLn 25$714K$607K$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 20, 2026 $770K$714K$56K$1.5M 990 PDF
FY2024Filed with the IRS Aug 4, 2025 $1.0M$395K$654K$1.4M 990 PDF
FY2023Filed with the IRS Jul 15, 2024 $1.0M$365K$650K$775K 990 PDF
FY2022Filed with the IRS Aug 7, 2023 $496K$375K$122K$124K 990 PDF
FY2021Filed with the IRS Aug 8, 2022 $215K$231K−$16K$3K 990 PDF
FY2020Filed with the IRS Aug 12, 2021 $246K$244K$2K$19K 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments I · Grants O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $770,150 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $587,961$200,520
I-9 Program service revenuePrior year $448,500$560,015
I-10 Investment incomePrior year $12,694$9,615
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,049,155$770,150
I-13 Grants and similar amounts paidPrior year $0$182,775
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $148,877$192,692
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $246,206$338,795
I-18 Total expensesPrior year $395,083$714,262
I-19 Revenue less expensesPrior year $654,072$55,888
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $770,150 across 6 lines filed
VIII-1e Government grants$200,000
VIII-1f All other contributions, gifts and grants$520
VIII-1h Total contributions, gifts and grants$200,520
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $560,015$560,015
VIII-3 Investment incomeExcluded from tax $9,615$9,615
VIII-12 Total revenueRelated to mission $560,015 · Unrelated business $0 · Excluded from tax $9,615$770,150
Part IX · Statement of functional expenses $714,262 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $182,775$182,775
IX-7 Other salaries and wagesPrograms $168,720$168,720
IX-9 Other employee benefitsPrograms $11,065$11,065
IX-10 Payroll taxesPrograms $12,907$12,907
IX-11c Accounting feesManagement $18,195$18,195
IX-12 Advertising and promotionPrograms $1,634 · Management $86$1,720
IX-13 Office expensesPrograms $13,079 · Management $18,467$31,546
IX-16 OccupancyPrograms $96,669 · Management $5,088$101,757
IX-17 TravelPrograms $1,583$1,583
IX-22 Depreciation, depletion and amortizationPrograms $60,501 · Management $60,501$121,002
IX-23 InsurancePrograms $42,902 · Management $4,766$47,668
IX-24 Other expenses (24a–d)Programs $15,324$15,324
IX-25 Total functional expensesPrograms $607,159 · Management $107,103 · Fundraising $0$714,262
Part X · Balance sheet $1,499,180 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $787,850$433,211
X-4 Accounts receivable$235
X-10c Land, buildings and equipment, netStart of year $625,940$1,046,159
X-14 Intangible assetsStart of year $26,100$19,575
X-16 Total assetsStart of year $1,439,890$1,499,180
X-17 Accounts payable and accrued expensesStart of year $11,114$14,516
X-26 Total liabilitiesStart of year $11,114$14,516
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $1,428,776$1,484,664
X-32 Total net assets or fund balancesStart of year $1,428,776$1,484,664
X-33 Total liabilities and net assetsStart of year $1,439,890$1,499,180
Part XI · Reconciliation of net assets $1,484,664 net assets at year end
XI-1 Total revenue$770,150
XI-2 Total expenses$714,262
XI-3 Revenue less expenses$55,888
XI-4 Net assets at start of year$1,428,776
XI-6 Donated services and use of facilities$401,608
XI-9 Other changes in net assets−$401,608
XI-10 Net assets at end of year$1,484,664

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

Similar organizations you could support · Compare with another nonprofit

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

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. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home 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, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.

Featured nonprofit jobs

All nonprofit jobs → · Hiring? Post a job →