The Grove Mgm EIN 92-2658076 Form 990 (PDF) Claim this org

The Grove Mgm

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The Grove Mgm is a housing nonprofit based in Montgomery, AL, formed in 2023. For fiscal year 2025 it reported $181K in revenue, $71K in expenses, and $519K in net assets.Pt I

Founded
2023
Type
Public charity (501(c)(3)) · Housing
Location
Montgomery, AL
Website
thegrovemgm.org
Filings
3 on file (2023–2025)
Revenue
$181KFY2025
Expenses
$71K
Net assets
$519K
People
7
Filings
3
Updates
0
More identity details & actions ⌄
EIN  92-2658076 Public charity (501(c)(3)) Montgomery, AL Founded 2023
Form 990 (PDF)
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Size
$100K–1M
What they do
a housing nonprofit
Leadership
Dawn Seabolt · Director · $17K
Money in and out
$181K revenue, $71K expenses
Bottom line
41% program efficiency
Where the money goes · FY2025
Total revenue
$181K
Pt VIII · Ln 12
Total expenses
$71K
Pt IX · Ln 25
Net assets
$519K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $110K
Where spending went · Part IX cols B–D
Program services $0.41 Management & general $0.52 Fundraising $0.08
Program efficiency
41%
of spending reaches programs
Operating runway
6.2mo
months of highly liquid reserves at operating expense rate▼ -77% vs prior filing year
Surplus margin
+61%
revenue over expenses, this year▼ -6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$181K
FY2025▲ +194%
Total revenue
$181K
Pt VIII · Ln 12
Total expenses
$71K
Pt IX · Ln 25
Net assets
$519K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$110K
Total assetsPt X · Ln 16$519K
Program-expense ratioPt IX · col B41%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Grove Mgm
EINHdr · item D92-2658076
Principal addressHdr · item CMontgomery, AL
WebsiteHdr · item Jthegrovemgm.org
Year of formationHdr · item L2023
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L40)
Ruling yearIRS BMFAug 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$16,940Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Dawn Seabolt’s $17K as Director is at the 12th percentile of top reported officer pay among 849 $100K–1M housing 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 · 1 named individual · Part VII

NameFY2025FY2024
Dawn Seabolt$16,940$6,000

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 $29K of program spending, described in the organization's own filed words · FY2025.
01

Converted historical home into 2 apartments that can house 6 young women aging out of foster care. The grove MGM provides housing , life skills and career guidance to young women age 18- 24 that have aged out of foster care.

$29Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$173K · 95%
Program service revenue$8K · 5%
Contributions & grants95%$173K
Program service revenue5%$8K
Total revenueLn 12$181K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.41 Management & general $0.52 Fundraising $0.08
Program services41%$29K
Management & general52%$37K
Fundraising8%$5K
Total functional expensesLn 25$71K

Balance Sheet

Part X · end of year
CashLn 1$37K
Total assetsLn 16$519K
Total liabilitiesLn 26$0
Total net assetsLn 32$519K
Months of cash on handcomputed6.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $37K · Operating expenses/yr $71K
6.2 months
Where the money goes
Program services
Program services $29K · Total expenses $71K
41%
Management & General
Management & general $37K · Total expenses $71K
52%
Fundraising
Fundraising $5K · Total expenses $71K
8%
Cost to raise $1
Fundraising expense $5K · Solicited contributions $173K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $173K · Total revenue $181K
95%
Government reliance
Government grants — · Total revenue $181K
Earned-income share
Program service revenue $8K · Total revenue $181K
5%
Investment reliance
Investment income $0 · Total revenue $181K
0%
Program self-sufficiency
Program service revenue $8K · Total expenses $71K
12%
Growth & trend
Revenue growth (YoY)
This year $181K · Prior year $61K
+194%
Net-asset trend (YoY)
End of year $519K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $181K · Expenses $71K
+61%
Liabilities-to-Assets
Total liabilities — · Total assets $519K
Net-asset ratio
Net assets $519K · Total assets $519K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $519K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Dawn Seabolt · Reported title DIRECTOR · Highest reported compensation $17K · Total expenses $71K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $22K · Total expenses $71K
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 41%
Overhead ratio 52%
Fundraising cost ratio 3%
Revenue growth 194%

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 3 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
FY2025 (Latest)$181K revenue · viewing · ⤓ 990 PDF
FY2024$61K revenue · ⤓ 990 PDF
FY2023$112K 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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