Civic Intelligence

Groundswell Fund

990 • Fiscal year 2016 • EIN 47-4003615

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 18, 2017

PO Box 71642Oakland, CA 94612

(510) 444-5900

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.10x

Higher debt load relative to assets than 34% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

44th percentile

0.19x

Higher debt load relative to revenue than 44% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

18th percentile

-9.3%

Higher net margin than 18% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

50th percentile

$175,000

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

57th percentile

3.3%

Faster asset growth than 57% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-53%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$13,758,777

Up $443,834 (+3.3%) from 2015

Net Assets

Down

$12,421,314

Down $527,972 (-4.1%) from 2015

Liabilities

Up

$1,337,463

Up $971,806 (+266%) from 2015

Revenue

Down

$6,903,769

Down $7,722,734 (-53%) from 2015

Expenses

Up

$7,547,102

Up $5,869,885 (+350%) from 2015

Net Income

Down

-$643,333

Down $13,592,619 (-105%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2015: $13,314,943Liabilities 2015: $365,657Net Assets 2015: $12,949,2862015Assets 2016: $13,758,777Liabilities 2016: $1,337,463Net Assets 2016: $12,421,3142016Assets 2017: $18,898,096Liabilities 2017: $2,992,142Net Assets 2017: $15,905,9542017Assets 2018: $15,079,715Liabilities 2018: $3,055,286Net Assets 2018: $12,024,4292018Assets 2019: $24,368,947Liabilities 2019: $3,635,595Net Assets 2019: $20,733,3522019Assets 2020: $37,022,960Liabilities 2020: $2,993,785Net Assets 2020: $34,029,1752020Assets 2021: $42,239,063Liabilities 2021: $2,419,076Net Assets 2021: $39,819,9872021Assets 2022: $53,772,714Liabilities 2022: $5,066,868Net Assets 2022: $48,705,8462022Assets 2023: $45,207,953Liabilities 2023: $2,248,857Net Assets 2023: $42,959,0962023Assets 2024: $36,554,170Liabilities 2024: $2,382,648Net Assets 2024: $34,171,5222024

Highlighted filing

2016

Assets$13,758,777
Liabilities$1,337,463
Net Assets$12,421,314

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MRevenue 2015: $14,626,503Expenses 2015: $1,677,217Net Income 2015: $12,949,2862015Revenue 2016: $6,903,769Expenses 2016: $7,547,102Net Income 2016: -$643,3332016Revenue 2017: $13,445,776Expenses 2017: $10,054,631Net Income 2017: $3,391,1452017Revenue 2018: $8,543,661Expenses 2018: $12,398,826Net Income 2018: -$3,855,1652018Revenue 2019: $21,014,931Expenses 2019: $12,218,883Net Income 2019: $8,796,0482019Revenue 2020: $29,691,752Expenses 2020: $16,400,164Net Income 2020: $13,291,5882020Revenue 2021: $24,343,616Expenses 2021: $18,544,605Net Income 2021: $5,799,0112021Revenue 2022: $29,604,689Expenses 2022: $20,741,164Net Income 2022: $8,863,5252022Revenue 2023: $18,645,193Expenses 2023: $24,372,876Net Income 2023: -$5,727,6832023Revenue 2024: $22,115,419Expenses 2024: $30,180,367Net Income 2024: -$8,064,9482024

Highlighted filing

2016

Revenue$6,903,769
Expenses$7,547,102
Net Income-$643,333
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 18, 2017
Return Version
2016v3.0
Gross Receipts
$6,903,769
Mission and Program Overview

Mission

We envision a well-resourced reproductive justice movement with the grassroots power to win meaningful policy and systems change now and long into the future.

Groundswell supports a stronger, more effective U.S. movement for reproductive justice by mobilizing new funding and capacity building resources to grassroots organizing and policy change efforts led to empower low income women, women of color and transgender people.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$11,331,186$9,130,830▼ $2,200,356
Cash and Non-Interest-Bearing Accounts$1,980,332$4,605,737▲ $2,625,405
Prepaid Expenses and Deferred Charges$3,425$22,210▲ $18,785
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,314,943$13,758,777▲ $443,834
Other Assets Total-$0-
Liabilities
Other Liabilities$318,000$1,245,700▲ $927,700
Accounts Payable and Accrued Expenses$47,657$91,763▲ $44,106
Total Liabilities$365,657$1,337,463▲ $971,806
Net Assets / Fund Balance
Temporarily Rstr Net Assets$12,003,615$10,896,006▼ $1,107,609
Unrestricted Net Assets$945,671$1,525,308▲ $579,637
Total Net Assets Fund Balance$12,949,286$12,421,314▼ $527,972
Total Liabilities and Net Assets / Fund Balance$13,314,943$13,758,777▲ $443,834
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Vanessa DanielExec DirectorFT$175,000$175,000
Esperanza Tervalon-garrettChief StrategyFT$125,000$125,000
Judy ThomasCFOFT$114,481$114,481

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$6,885,361
Program Service Revenue
$0
Investment Income
$18,408
Other Revenue
$0
All Other Contributions
$6,885,361
Change in Net Assets
$-643,333

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,903,769
Revenue Not Reported on Form 990
$115,361
Total Revenue per Audited Statements
$7,019,130
Total Revenue per Form 990
$6,903,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,201,140
Other Expenses$1,176,322
Salaries, Compensation, and Employee Benefits$1,169,640
Total Fundraising Expense$305,479
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,201,140--$5,201,140
Other Salaries and Wages$380,907$96,727$103,081$580,715
Current Officers, Directors, Trustees, and Key Employees$189,878$48,218$51,385$289,481
Payroll Taxes$163,967$44,299$44,978$253,244
Fees for Services Other$33,017-$25,858$58,875
Information Technology$31,093$15,934$6,725$53,752
Occupancy$37,097$8,738$7,355$53,190
Other Employee Benefits$30,313$6,226$9,661$46,200
Travel$28,293$6,850$6,727$41,870
Office Expenses$14,576$4,213$2,764$21,553
Fees for Services Accounting$6,255$11,071-$17,326
Other Expenses$2,492$1,375$685$4,552
Total Functional Expenses$6,997,972$243,651$305,479$7,547,102

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,547,102
Total Expenses per Audited Statements$7,547,102
Total Expenses per Form 990$7,547,102
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nat Latina Inst for ReproductNew York, NY501c3-$309,770
West Virginia FreeCharleston, WV501c3-$266,740
Alaska Comm Action on ToxinsAnchorage, AK501c3-$255,102
New Voices Pittsburgh IncPittsburgh, PA501c3-$241,250
California Latinas for ReprodLos Angeles, CA501c3-$226,500
UrgeLos Angeles, CA501c3-$221,900
ColorDenver, CO501c3-$216,022
Black Women for WellnessLos Angeles, CA501c3-$212,953
Asian Health ServicesOakland, CA501c3-$176,180
Chicago Foundation for WomenChicago, IL501c3-$150,000
Ms Foundation for WomenBrooklyn, NY501c3-$150,000
Alternate ROOTSAtlanta, GA501c3-$132,500
Women with a VisionNew Orleans, LA501c3-$115,407
Forward TogetherOakland, CA501c3-$115,000
Reproductive Justice CollectiMilwaukee, WI501c3-$114,866
New York Womens FoundationNew York, NY501c3-$111,000
Mothering JusticeRoyal Oak, MI501c3-$110,000
Young Women UnitedAlbuquerque, NM501c3-$105,000
New Florida MajorityMiami, FL501c3-$96,250
El Pueblo IncRaleigh, NC501c3-$90,000
Friends of West End IncNew Orleans, LA501c3-$90,000
Miami Workers CenterMiami, FL501c3-$86,250
Proteus FundAmherst, MA501c3-$85,000
Nat Advocates for Pregnant WoNew York, NY501c3-$80,000
National Womens Health NetwkWashington, DC501c3-$80,000
Highlander Research & Educ CnNew Market, TN501c3-$76,250
Commonsense Childbirth IncWinter Garden, FL501c3-$75,000
Sylvia Rivera Law ProjectNew York, NY501c3-$75,000
National Network of AbortionBoston, MA501c3-$70,000
Access Womens Health JusticeOakland, CA501c3-$65,000
Network On Women in PrisonSan Francisco, CA501c3-$60,000
Illinois Caucus for AdolescenChicago, IL501c3-$55,000
7th Gen Fund for Indigenous PArcata, CA501c3-$50,000
Western States CenterPortland, OR501c3-$50,000
Womens Foundation of CAOakland, CA501c3-$50,000
Sister Song IncAtlanta, GA501c3-$45,000
ACT for Women and GirlsVisalia, CA501c3-$43,750
Native American Community BdLake Andes, SD501c3-$40,000
Movement Strategy CenterOakland, CA501c3-$35,000
Peace Development FundAmherst, MA501c3-$30,000
Power U Center for Social ChnMiami, FL501c3-$30,000
Intl Cntr for Traditional ChiPortland, OR501c3-$27,000
Alternate Roots IncAtlanta, GA501c3-$26,450
Breath of My Heart Birth PlacEspanola, NM501c3-$25,000
Girls Rock CharlestonCharleston, SC501c3-$25,000
National Asian PacificWashington, DC501c3-$25,000
Service Womens Action NetwkWashington, DC501c3-$25,000
Audre Lorde ProjectNew York, NY501c3-$20,000
Borealis PhilanthropyMinneapolis, MN501c3-$20,000
Intl Indian Treaty CouncilSan Francisco, CA501c3-$20,000
Mississippi Low-Income Child-Biloxi, MS501c3-$20,000
Project South Institute for tAtlanta, GA501c3-$20,000
SURGE NorthwestSeattle, WA501c3-$20,000
The Afiya Center IncDallas, TX501c3-$20,000
Womens Voices for the EarthMissoula, MT501c3-$20,000
Americans for Indian OpportunAlbuquerque, NM501c3-$18,500
Fractured Atlas IncNew York, NY501c3-$16,500
Allied Media ProjectsDetroit, MI501c3-$15,000
Austin Community FoundationAustin, TX501c3-$15,000
Cabrini Green Legal SrvcsChicago, IL501c3-$15,000
Choices in Childbirth IncNew York, NY501c3-$15,000
Correctional Assoc of NYNew York, NY501c3-$15,000
Mamatoto Village IncWashington, DC501c3-$15,000
Mother Health InternationalVienna, VA501c3-$15,000
Neighborhoods Partnership NetNew Orleans, LA501c3-$15,000
TEWA Women UnitedSanta Cruz, CA501c3-$15,000
IdexBerkeley, CA501c3-$10,000
Open Arms Perinatal ServicesSeattle, WA501c3-$10,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Grants payable$1,245,700
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 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
Yes
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, Part VI, Line 11B: Form 990 Review Process

Form 990 is prepared by an outside tax professional. The form is then reviewed bythe organization's management, the cfo, and the executive director. This group of individuals then discusses the contents of the return with the outside tax professional. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Members of the board of directors review all potential conflicts of interest atleast annually. All personnel and board members are required to disclose (inwriting) potential conflicts and any related party affiliations. Loans between theorganization and members of management and the board are strictly prohibited. Theorganization seeks full transparency on all relationships. Any potential conflicts(in fact or appearance) are discussed openly and resolved in accordance with theorganization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with irs rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with irs guidelines and the organization's policies and procedures.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation of other high-level personnel and key employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Groundswell Fund
EIN
47-4003615
Phone
5104445900
Address
PO Box 71642, Oakland, CA 94612

Signing Officer

Name
Judy Thomas
Title
CFO
Signed
2017-04-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vanessa Daniel
Formed
2015
Legal Domicile
CA
Voting Board Members
10
Independent Board Members
10
Employees
10
Volunteers
10

Preparer

Firm
Regalia & Associates CPAs
Address
103 Town Country Dr Ste K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Since inception, Groundswell has granted more than $32 million to the U.S. reproductive justice (RJ) movement the primary movement engaging women of color, low-income women, young people, and LGBT people as grassroots activists on reproductive issues.For more than a decade, we have enabled a growing community of foundations and individual donors to increase the impact of their giving to this movement by offering them a different kind of philanthropic model and community:1. Different in who we are: Our program staff come directly out of community and labor organizing, and have a combined 70 years of grassroots organizing and civic engagement experience within communities of color. Our board of directors is comprised of grassroots leaders shaping strategy alongside funders and donors.2. Different in whom we support: women of color (WOC), low-income women and transgender people who are organizing at the grassroots level; reflecting our deep belief that resourcing those most impacted by injustice to lead is the most effective way to win reproductive justice for the greatest number of people in this country.3. Different in how we support the field: through grants and capacity-building resources focused on boosting grassroots power, and funder organizing that lifts up our grantees with a larger community of funders and donors who can move resources to their work, whether or not these resources come through our doors.

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in unamortized discount = $115361

Financial Statement Notes

Part X : FIN48 Footnote

Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, Groundswell is required to report information regarding its exposure to various tax positions taken by the organization and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that Groundswell has adequately evaluated its current tax positions and has concluded that as of December 31, 2016 and 2015, Groundswell does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.Groundswell has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. Groundswell may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, Groundswell calculates and accrues the applicable taxes payable.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Change in unamortized discount $115361

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IRS990/Desc0GrantmakingGroundswell Fund supports approximately 40 organizations across the United States. Our grantmaking focuses on bolstering and scaling organizations that are building a grassroots base of support for reproductive justice (RJ) policy and systems change; on organizations that are reducing poor birthing outcomes by expanding access to community-based midwifery and doula care. We acknowledge that systems change takes time. Thus, the vast majority of our grants are for general support, and we commit to funding efficient and effective organizations over many years. We award grants through three funds (below), and through our capacity building programs. Click icons below for more information on each fund.
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IRS990/Form990PartVIISectionAGrp/PersonNm8Jamia Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm9Rye Young
IRS990/Form990PartVIISectionAGrp/PersonNm10Vanessa Daniel
IRS990/Form990PartVIISectionAGrp/PersonNm11Judy Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm12ESPERANZA TERVALON-GARRETT
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IRS990/Form990PartVIISectionAGrp/TitleTxt12CHIEF STRATEGY
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IRS990/MissionDesc0We envision a well-resourced reproductive justice movement with the grassroots power to win meaningful policy and systems change now and long into the future.
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IRS990/PrincipalOfficerNm0Vanessa Daniel
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IRS990/ProgSrvcAccomActy2Grp/Desc0Capacity BuildingThe underlying principle of our capacity-building work is that all programs are opt-in for grant partners, and organizations will not be required to participate in these programs to receive other grant support. Interested organizations may apply to be considered for specific capacity building programs, which currently include: (a) Integrated Voter Engagement, (b) Grassroots Organizing Institute, (c) Income Diversification, and (d) Organizational Development.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ECOSYSTEMIn 2016, Groundswell Fund launched a new initiative to accelerate RJ policy and systems change in particular cities and states by deepening support for existing grantees and their key allies (such as economic justice organizations) within local and state ecosystems. Ecosystem states currently include Florida, Georgia, and Colorado. Groundswell will layer funding, capacity-building resources and other support more deeply in specific ecosystems where we already have strong grantee organizations to catalyze power building, movement-building and policy change.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income TaxesFinancial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, Groundswell is required to report information regarding its exposure to various tax positions taken by the organization and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that Groundswell has adequately evaluated its current tax positions and has concluded that as of December 31, 2016 and 2015, Groundswell does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.Groundswell has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that the organization continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. Groundswell may periodically receive unrelated business income requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, Groundswell calculates and accrues the applicable taxes payable.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Change in unamortized discount $115361
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
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