Civic Intelligence

Groundswell Inc

EIN 27-0201126 • 501(c)3 • Washington, DC

Profile

Groundswell, inc., formerly known as the d.c. Project, inc., helps communities apply their shared purchasing power to drive local sustainability and economic opportunity. Currently, groundswell works to expand access to clean power and efficiency services to communities in need across the mid-atlantic region.

80 M Street SEWashington, DC 20003

www.groundswell.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

29th percentile

0.03x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.02x

Higher debt load relative to revenue than 19% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

79th percentile

27%

Higher net margin than 79% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$332,835

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

93rd percentile

63%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

66th percentile

17%

Faster revenue growth than 66% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,061,141

Up $2,352,550 (+63%) from 2023

Liabilities

Up

$165,743

Up $56,780 (+52%) from 2023

Net Assets

Up

$5,895,398

Up $2,295,770 (+64%) from 2023

Revenue

Up

$8,552,781

Up $1,243,247 (+17%) from 2023

Expenses

Up

$6,257,011

Up $165,950 (+2.7%) from 2023

Net Income

Up

$2,295,770

Up $1,077,297 (+88%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $387,241Liabilities 2011: $67,726Net Assets 2011: $319,5152011Assets 2014: $877,584Liabilities 2014: $94,870Net Assets 2014: $782,7142014Assets 2015: $622,296Liabilities 2015: $53,764Net Assets 2015: $568,5322015Assets 2016: $793,236Liabilities 2016: $41,441Net Assets 2016: $751,7952016Assets 2017: $921,496Liabilities 2017: $82,425Net Assets 2017: $839,0712017Assets 2018: $862,491Liabilities 2018: $118,561Net Assets 2018: $743,9302018Assets 2019: $2,485,401Liabilities 2019: $409,833Net Assets 2019: $2,075,5682019Assets 2020: $2,254,057Liabilities 2020: $271,239Net Assets 2020: $1,982,8182020Assets 2021: $2,597,628Liabilities 2021: $231,107Net Assets 2021: $2,366,5212021Assets 2022: $2,571,899Liabilities 2022: $190,744Net Assets 2022: $2,381,1552022Assets 2023: $3,708,591Liabilities 2023: $108,963Net Assets 2023: $3,599,6282023Assets 2024: $6,061,141Liabilities 2024: $165,743Net Assets 2024: $5,895,3982024

Highlighted filing

2024

Assets$6,061,141
Liabilities$165,743
Net Assets$5,895,398

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $1,312,6592011Revenue 2014: $1,622,333Expenses 2014: $1,767,467Net Income 2014: -$145,1342014Revenue 2015: $1,444,395Expenses 2015: $1,658,577Net Income 2015: -$214,1822015Revenue 2016: $1,582,987Expenses 2016: $1,399,724Net Income 2016: $183,2632016Revenue 2017: $1,614,162Expenses 2017: $1,526,886Net Income 2017: $87,2762017Revenue 2018: $1,873,612Expenses 2018: $1,968,753Net Income 2018: -$95,1412018Revenue 2019: $3,072,458Expenses 2019: $2,356,589Net Income 2019: $715,8692019Revenue 2020: $2,507,773Expenses 2020: $2,414,900Net Income 2020: $92,8732020Revenue 2021: $3,324,609Expenses 2021: $2,940,906Net Income 2021: $383,7032021Revenue 2022: $3,736,520Expenses 2022: $3,721,886Net Income 2022: $14,6342022Revenue 2023: $7,309,534Expenses 2023: $6,091,061Net Income 2023: $1,218,4732023Revenue 2024: $8,552,781Expenses 2024: $6,257,011Net Income 2024: $2,295,7702024

Highlighted filing

2024

Revenue$8,552,781
Expenses$6,257,011
Net Income$2,295,770

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.06$0.17$5.90$8.55$6.26$2.30
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.71$0.11$3.60$7.31$6.09$1.22
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.57$0.19$2.38$3.74$3.72$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$0.23$2.37$3.32$2.94$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.27$1.98$2.51$2.41$0.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.41$2.08$3.07$2.36$0.72
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.12$0.74$1.87$1.97$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.08$0.84$1.61$1.53$0.09
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.04$0.75$1.58$1.40$0.18
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.05$0.57$1.44$1.66$0.21
2014Detailed filing. Detailed filing data is available for this year.$0.88$0.09$0.78$1.62$1.77$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.07$0.32$1.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 30, 2025
Return Version
2024v5.0
Gross Receipts
$8,552,781
Mission and Program Overview

Mission

Groundswell builds community power by enabling neighbors to work together to share power through community solar. We connect solar power to economic empowerment by developing equitable community solar projects and delivering subscriber management programs. Our community solar projects deliver energy savings to low income households, build community wealth, and support local jobs.

Our solar projects deliver energy savings, build community wealth, and support local jobs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$272,180$3,688,348▲ $3,416,168
Cash and Non-Interest-Bearing Accounts$2,310,619$1,257,261▼ $1,053,358
Prepaid Expenses and Deferred Charges$1,004,395$968,819▼ $35,576
Accounts Receivable-$106,970-
Savings and Temporary Cash Investments$20,083$20,085▲ $2
Intangible Assets$9,162--
Land, Buildings, and Equipment, Net$5,560$5,848▲ $288
Total Assets$3,708,591$6,061,141▲ $2,352,550
Other Assets Total$86,592$13,810▼ $72,782
Liabilities
Accounts Payable and Accrued Expenses$108,401$165,743▲ $57,342
Deferred Revenue$562--
Total Liabilities$108,963$165,743▲ $56,780
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,719,635$3,287,252▲ $1,567,617
Net Assets Without Donor Restrictions$1,879,993$2,608,146▲ $728,153
Total Net Assets Fund Balance$3,599,628$5,895,398▲ $2,295,770
Total Liabilities and Net Assets / Fund Balance$3,708,591$6,061,141▲ $2,352,550

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,848$19,535$25,383
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lori Michelle MooreChief ExecutFT$299,273$33,562$332,835
Lori Michelle MooreChief Executive Off.-$299,273$33,562$332,835
David AbramsChief OperatFT$241,673$25,923$267,596
David AbramsChief Operating Off.-$241,673$25,923$267,596
Kristal VirgilVP Finance IFT$159,623$15,414$175,037
Kristal VirgilVP Finance It Devel-$159,623$15,414$175,037
Marina SargsyanDirector of CompFT$155,000$2,295$157,295
Marina SargsyanDirector of Compliance-$155,000$2,295$157,295
Elvis MolekaVP Labs, DatFT$130,199$23,358$153,557
Elvis MolekaVP Labs, Data-$130,199$23,358$153,557
Dan LimbagoSr VP MarketFT$149,720$1,787$151,507
Dan LimbagoSr VP Market Develop-$149,720$1,787$151,507
David WrightVP Tech ServFT$120,751$23,412$144,163

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Carlisle Service Company LLCGen. Contractor230 S MAIN STREET, Pine Mountain, GA 31822$374,309
Cohnreznick LLPGovt Contractor14 SYLVAN WAY, Parsippany, NJ 07054$143,682
Mitchell L JohnsonConsultant16800 CARRINGTON DRIVE, South Holland, IL 60473$121,352
Ayika SolutionsResearch2282 RIDGECREST LANE, East Point, GA 30344$105,005
Revenue and Support

Revenue Composition

Contributions and Grants
$8,379,706
Program Service Revenue
$172,024
Investment Income
$993
Other Revenue
$58
All Other Contributions
$7,401,116
Change in Net Assets
$2,295,770

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,552,781
Total Revenue per Audited Statements
$8,552,781
Total Revenue per Form 990
$8,552,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,702,989
Other Expenses$2,449,517
Grants and Similar Amounts Paid$104,505
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$958,788$1,576,023-$2,534,811
Fees for Services Other$982,822$392,907-$1,375,729
Current Officers, Directors, Trustees, and Key Employees$165,462$375,484-$540,946
Other Employee Benefits$89,015$202,004-$291,019
Payroll Taxes$73,791$167,455-$241,246
Travel$103,190$87,084-$190,274
Fees for Services Accounting-$116,526-$116,526
Grants to Domestic Orgs$104,505--$104,505
Occupancy-$102,522-$102,522
Pension Plan Contributions$29,048$65,919-$94,967
Advertising$32,858$20,386-$53,244
Other Expenses$46,353$30,486-$46,353
Fees for Services Legal$9,970$34,850-$44,820
Office Expenses$6,450$36,357-$42,807
Insurance-$41,617-$41,617
All Other Expenses$44,943$-19,145-$25,798
Depreciation Depletion-$11,418-$11,418
Total Functional Expenses$2,711,342$3,545,669$0$6,257,011

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,257,011
Total Expenses per Audited Statements$6,257,011
Total Expenses per Form 990$6,257,011
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
US DoeWashington, DC-Support Racer Proj.$104,505
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is reviewed by the board of directors prior to filing.

Form 990, Page 6, Part VI, Line 12C

Directors, officers, and staff have an obligation to conduct business within guidelines that avoid actual or potential conflicts of interest. An actual or potential conflict of interest occurs when a director, officer, or staff is in a position to influence a decision that may result in personal gain as a result of groundswell's business dealings. No presumption of a conflict is created by the mere existence of a relationship with outside firms. However, if a director, officer, or staff has any influence on any material business transactions, it is imperative that he or she disclose to a groundswell director, officer, or staff as soon as possible the existence of any actual or potential conflict of interest so that safeguards can be established to protect all parties. Personal gain may result not only in cases were a director, officer, staff, or relative has a significant ownership in a firm with which groundswell does business, but also when a director, officer, employee, or relative receives any kickback, bribe, substantial gift, or special consideration as a result of any transaction or business dealings involving groundswell. Directors and officers are also bound by the conflicts provisions in the bylaws, which provide for approval of a transaction in which a director or officer has a conflict of interest. Transactions in which staff has a conflict of interest can similarly be approved by the board. This policy establishes only the framework within which groundswell wishes its business to operate. The purpose of these guidelines is to provide general direction so that a director, officer, or staff can seek further clarification on issues related to the subject of acceptable standards of operation.

Form 990, Page 6, Part VI, Line 15A

In addition to ongoing oversight, the executive committe will conduct an annual performance evaluation of the ceo. The annual evaluation will include, at a minimum: - written and/or verbal input from selected members of the staff - written and/or verbal input from members of the board - a written self-evaluation from the ceo documents are available for inspection of the organization's officers. The evaluation process will include in- person or telephone debriefing with the executive committee and the ceo. At this time, the ceo will agree on any specific personal performance goals for the year ahead. The ceo's compensation package will be reviewed during or soon after this process and approved by a disinterested committee of the board using appropriate salary comparison data.

Form 990, Page 6, Part VI, Line 17

SOUTH CAROLINA

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, conflict of interest policy, and financial statements were not made available to the public during the tax year.

Filing and Contact Details

Filer

Filer Name
Groundswell Inc
EIN
27-0201126
Phone
2025053051
Address
80 M STREET SE, WASHINGTON, DC 20003

Signing Officer

Name
Lori Michelle Moore
Title
Chief Executive Off.
Phone
2025053051
Signed
2025-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Michelle Moore
Formed
2009
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
7
Employees
35
Volunteers
7

Preparer

Firm
Deleon & Stang Cpas and Advisors
Address
150 S EAST ST STE 103, FREDERICK, MD 21701-6175
Preparer
Clint Lehman CPA
Phone
3012507400
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Groundswell builds community power by enabling neighbors to work together to share power through community solar. We connect solar power to economic empowerment by developing equitable community solar projects and delivering subscriber management programs. Our community solar projects deliver energy savings to low income households, build community wealth, and support local jobs.

Form 990, Page 2, Part III, Line 4A

Energy and development programs groundswell works in the rapidly emerging fields of community solar and energy equity to provide access to affordable clean energy to households that are currently excluded from participating in solar savings because of low credit scores and other financial barriers. We work with municipalities, congregations, local utilities, and other partners to develop, build, and manage solar projects that align the value of solar with community values. We collaborate with local partners to deliver related job training, energy efficiency, and other aligned community benefits to maximize the impact of our work.groundswell has developed a replicable, scalable model for sharing power with equitable community solar that works across multiple states. We partner with local nonprofits to expand our work into emerging state community solar markets. We are currently working with multiple local partners in the district of columbia, georgia, maryland, and new york state and are expanding our program in hawaii and illinois. Groundswell is building equitable community solar projects in the district of columbia and in maryland that will provide more than 1.5 million in electricity cost relief to low income households in the region. We are collaborating with washington dc and the city of baltimore to implement municipal programs that deliver electricity cost reductions through solar power. We are further working with the city of baltimore to deploy solar and energy storage solutions to support local community resilience. We are also working with local nonprofit partners and municipal utilities in georgia to deliver solar projects and related low-income energy efficiency programs that will deliver electricity cost relief and other community economic development benefits to low-income communities.in pursuit of our mission, groundswell also provides service directly to lowincome households. We enroll, deliver customer support, and provide ongoing benchmarking and reporting on savings and other metrics to community solar subscribers.

Form 990, Part IX, Line 11G

It consultants 0 59,707 0 hr consultants 0 13,913 0 other consultants 982,822 319,287 0 total 982,822 392,907 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2024 and 2023.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0ENERGY AND DEVELOPMENT PROGRAMS GROUNDSWELL WORKS IN THE RAPIDLY EMERGING FIELDS OF COMMUNITY SOLAR AND ENERGY EQUITY TO PROVIDE ACCESS TO AFFORDABLE CLEAN ENERGY TO HOUSEHOLDS THAT ARE CURRENTLY EXCLUDED FROM PARTICIPATING IN SOLAR SAVINGS BECAUSE OF LOW CREDIT SCORES AND OTHER FINANCIAL BARRIERS. WE WORK WITH MUNICIPALITIES, CONGREGATIONS, LOCAL UTILITIES, AND OTHER PARTNERS TO DEVELOP, BUILD, AND MANAGE SOLAR PROJECTS THAT ALIGN THE VALUE OF SOLAR WITH COMMUNITY VALUES. WE COLLABORATE WITH LOCAL PARTNERS TO DELIVER RELATED JOB TRAINING, ENERGY EFFICIENCY, AND OTHER ALIGNED COMMUNITY BENEFITS TO MAXIMIZE THE IMPACT OF OUR WORK.GROUNDSWELL HAS DEVELOPED A REPLICABLE, SCALABLE MODEL FOR SHARING POWER WITH EQUITABLE COMMUNITY SOLAR THAT WORKS ACROSS MULTIPLE STATES. WE PARTNER WITH LOCAL NONPROFITS TO EXPAND OUR WORK INTO EMERGING STATE COMMUNITY SOLAR MARKETS. WE ARE CURRENTLY WORKING WITH MULTIPLE LOCAL PARTNERS IN THE DISTRICT OF COLUMBIA, GEORGIA, MARYLAND, AND NEW YORK STATE AND ARE EXPANDING OUR PROGRAM IN HAWAII AND ILLINOIS. GROUNDSWELL IS BUILDING EQUITABLE COMMUNITY SOLAR PROJECTS IN THE DISTRICT OF COLUMBIA AND IN MARYLAND THAT WILL PROVIDE MORE THAN 1.5 MILLION IN ELECTRICITY COST RELIEF TO LOW INCOME HOUSEHOLDS IN THE REGION. WE ARE COLLABORATING WITH WASHINGTON DC AND THE CITY OF BALTIMORE TO IMPLEMENT MUNICIPAL PROGRAMS THAT DELIVER ELECTRICITY COST REDUCTIONS THROUGH SOLAR POWER. WE ARE FURTHER WORKING WITH THE CITY OF BALTIMORE TO DEPLOY SOLAR AND ENERGY STORAGE SOLUTIONS TO SUPPORT LOCAL COMMUNITY RESILIENCE. WE ARE ALSO WORKING WITH LOCAL NONPROFIT PARTNERS AND MUNICIPAL UTILITIES IN GEORGIA TO DELIVER SOLAR PROJECTS AND RELATED LOW-INCOME ENERGY EFFICIENCY PROGRAMS THAT WILL DELIVER ELECTRICITY COST RELIEF AND OTHER COMMUNITY ECONOMIC DEVELOPMENT BENEFITS TO LOW-INCOME COMMUNITIES.IN PURSUIT OF OUR MISSION, GROUNDSWELL ALSO PROVIDES SERVICE DIRECTLY TO LOWINCOME HOUSEHOLDS. WE ENROLL, DELIVER CUSTOMER SUPPORT, AND PROVIDE ONGOING BENCHMARKING AND REPORTING ON SAVINGS AND OTHER METRICS TO COMMUNITY SOLAR SUBSCRIBERS.
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IRS990/MissionDesc0GROUNDSWELL BUILDS COMMUNITY POWER BY ENABLING NEIGHBORS TO WORK TOGETHER TO SHARE POWER THROUGH COMMUNITY SOLAR. WE CONNECT SOLAR POWER TO ECONOMIC EMPOWERMENT BY DEVELOPING EQUITABLE COMMUNITY SOLAR PROJECTS AND DELIVERING SUBSCRIBER MANAGEMENT PROGRAMS. OUR COMMUNITY SOLAR PROJECTS DELIVER ENERGY SAVINGS TO LOW INCOME HOUSEHOLDS, BUILD COMMUNITY WEALTH, AND SUPPORT LOCAL JOBS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2024 AND 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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