Groundswell Charitable Foundation EIN 87-1530516

Groundswell Charitable Foundation FY2022 filing

EIN  87-1530516 Public foundation / grantmaker El Segundo, CA Founded 2021
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Verified accurate 7/21/26 · see original filing: IRS
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Groundswell Charitable Foundation claims this page.

Know this organization? Claim it to add your story

Size
$10–100M
What they do
Empowering young philanthropists to connect companies and nonprofits for greater impact.
Leadership
Jake Wood · President & Director
Money in and out
$2.8M revenue, $1.8M expenses
Bottom line
98% program efficiency

Empowering young philanthropists to connect companies and nonprofits for greater impact. For fiscal year 2022 it reported $2.8M in revenue, $1.8M in expenses, and $1.0M in net assets.Pt I

Grants paid & assets · FY2022
Total revenue
$2.8M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.0M
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02 Fundraising $0.00
Program efficiency
98%
of spending reaches programs
Operating runway
8.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+36%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$2.8M
FY2022
Expenses
$1.8M
FY2022
Total assets
$1.2M
FY2022
Total liabilities
$232K
FY2022
Total revenue
$2.8M
Pt VIII · Ln 12
Total expenses
$1.8M
Pt IX · Ln 25
Net assets
$1.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.0M
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $1.7M of program spending, described in the organization's own filed words · FY2022.
01

In 2022, the groundswell charitable foundation received $2,780,608 in contributions, and disbursed $,1558,692 in donations at the advice of donors. Over 1,600 individual donations were made, constituting approximately 975 unique nonprofit recipients. The median donation amount in 2022 was $75.

$1.7Mprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGroundswell Charitable Foundation
EINHdr · item D87-1530516
Principal addressHdr · item CEl Segundo, CA
Year of formationHdr · item L2021
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFAug 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
President & Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Groundswell Charitable Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants100%$2.8M
Investment income$2K
Total revenueLn 12$2.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02 Fundraising $0.00
Program services98%$1.7M
Management & general2%$37K
Fundraising$8K
Total functional expensesLn 25$1.8M

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$1.2M
Total liabilitiesLn 26$232K
Total net assetsLn 32$1.0M
Months of cash on handcomputed8.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $1.8M
8.3 months
Where the money goes
Program services
Program services $1.7M · Total expenses $1.8M
98%
Management & General
Management & general $37K · Total expenses $1.8M
2%
Fundraising
Fundraising $8K · Total expenses $1.8M
0%
Cost to raise $1
Fundraising expense $8K · Solicited contributions $2.8M
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $2.8M · Total revenue $2.8M
100%
Government reliance
Government grants — · Total revenue $2.8M
Earned-income share
Program service revenue $0 · Total revenue $2.8M
0%
Investment reliance
Investment income $2K · Total revenue $2.8M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.8M
0%
Growth & trend
Revenue growth (YoY)
This year $2.8M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.8M · Expenses $1.8M
+36%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.0M · Total assets $1.2M
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jake Wood · Reported title PRESIDENT & DIRECTOR · Highest reported compensation $0 · Total expenses $1.8M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $145K · Total expenses $1.8M
8%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Legal 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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$300K
Grants paid · 143 grants · $5.5M · 2022–2024
Team Rubicon INCCA · FY2024$330,000
Team Rubicon INCCA · FY2024$330,000
Better Angels United INCCA · FY2024$175,000
Better Angels United INCCA · FY2024$175,000
Person to Person INCCT · FY2024$64,500
Person to Person INCCT · FY2024$64,500
Son of a SaintLA · FY2024$50,000
Son of a SaintLA · FY2024$50,000
Charityvest INCCT · FY2024$48,125
Charityvest INCCT · FY2024$48,125
See all 143 grants →

Similar Organizations

Closest in mission — by what they do
See all organizations like Groundswell Charitable Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$11.9M revenue · ⤓ 990 PDF
FY2023$4.9M revenue · ⤓ 990 PDF
FY2022$2.8M revenue · viewing · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

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 peer-cohort and compensation comparisons above.