Growfl INC EIN 86-2277489

Growfl INC

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Helps CEOs of growing companies overcome challenges and accelerate business growth. For fiscal year 2025 it reported $483K in revenue, $491K in expenses, and $98K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Gainesville, FL
Filings
3 on file (2023–2025)
Revenue
$483KFY2025
Expenses
$491K
Net assets
$98K
People
12
Filings
3
Updates
0
More identity details & actions ⌄
EIN  86-2277489 Public charity (501(c)(3)) Gainesville, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps CEOs of growing companies overcome challenges and accelerate business growth.
Leadership
Tammie Sweet · Executive Di · $56K
Money in and out
$483K revenue, $491K expenses
Bottom line
92% program efficiency
Where the money goes · FY2025
Total revenue
$483K
Pt VIII · Ln 12
Total expenses
$491K
Pt IX · Ln 25
Net assets
$98K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$8K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs▼ -8% vs prior filing year
Operating runway
2.4mo
months of highly liquid reserves at operating expense rate▲ +14% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▼ -169% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$483K
FY2025▼ -46%
Expenses
$491K
FY2025▼ -44%
Total assets
$247K
FY2025▼ -15%
Total liabilities
$149K
FY2025▼ -20%
Total revenue
$483K
Pt VIII · Ln 12
Total expenses
$491K
Pt IX · Ln 25
Net assets
$98K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$8K
Total assetsPt X · Ln 16$247K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

2 program services account for $274K of program spending, described in the organization's own filed words · FY2024.
01

Collaborative activities to assist second-stage companies overcome unique challenges and accelerate business growth. This purpose assisted approximately 150 companies in fy 2024.

$274Kprogram expense
02

Florida Companies to Watch

The annual event honored the top 50 companies in florida that demonstrate growth, innovation, and community contribution. It was held at hard rock live and attended by approximately 400 people.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGrowfl INC
EINHdr · item D86-2277489
Principal addressHdr · item CGainesville, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S11)
Ruling yearIRS BMFJul 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$56,068Pt VII · Sec A
Past Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Chair Elect
$0Pt VII · Sec A

Tammie Sweet’s $56K as Executive Di is at the 34th 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.

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Statement of Revenue

Part VIII
Contributions & grants$413K · 85%
Program service revenue$70K · 15%
Contributions & grants85%$413K
Program service revenue15%$70K
— government grantsLn 1e$27K
Total revenueLn 12$483K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$453K
Management & general8%$38K
Total functional expensesLn 25$491K

Balance Sheet

Part X · end of year
CashLn 1$96K
Total assetsLn 16$247K
Total liabilitiesLn 26$149K
Total net assetsLn 32$98K
Months of cash on handcomputed2.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $96K · Operating expenses/yr $491K
2.4 months
Where the money goes
Program services
Program services $453K · Total expenses $491K
92%
Management & General
Management & general $38K · Total expenses $491K
8%
Fundraising
Fundraising $0 · Total expenses $491K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $429K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $413K · Total revenue $483K
85%
Government reliance
Government grants $27K · Total revenue $483K
6%
Earned-income share
Program service revenue $70K · Total revenue $483K
15%
Investment reliance
Investment income $0 · Total revenue $483K
0%
Program self-sufficiency
Program service revenue $70K · Total expenses $491K
14%
Growth & trend
Revenue growth (YoY)
This year $483K · Prior year $891K
-46%
Net-asset trend (YoY)
End of year $98K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $483K · Expenses $491K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $247K
Net-asset ratio
Net assets $98K · Total assets $247K
40%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $247K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tammie Sweet · Reported title EXECUTIVE DI · Highest reported compensation $56K · Total expenses $491K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $187K · Total expenses $491K
38%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth -46%
Accounting fee ratio 2%

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
Total grants receivedfrom 1 funder$8K

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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
FY2025 (Latest)$483K revenue · viewing · ⤓ 990 PDF
FY2024$891K revenue · ⤓ 990 PDF
FY2023$851K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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