Civic Intelligence

Groundswell Startups Inc.

990 • Fiscal year 2019 • EIN 81-1417100

Jan 01, 2019 to Dec 31, 2019 • Filed on Feb 14, 2020

2412 Irwin StreetMelbourne, FL 32901

(954) 830-3889

Siviq Scores

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

Liabilities / Assets

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.01x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

82nd percentile

27%

Higher net margin than 82% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

92nd percentile

112%

Faster asset growth than 92% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

20%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$136,604

Up $72,249 (+112%) from 2018

Net Assets

Up

$134,943

Up $70,588 (+110%) from 2018

Liabilities

$1,661

No earlier filing loaded for comparison.

Revenue

Up

$238,795

Up $40,226 (+20%) from 2018

Expenses

Down

$173,473

Down $18,951 (-9.8%) from 2018

Net Income

Up

$65,322

Up $59,177 (+963%) from 2018

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2017: $58,210Liabilities 2017: $0Net Assets 2017: $58,2102017Assets 2018: $64,355Net Assets 2018: $64,3552018Assets 2019: $136,604Liabilities 2019: $1,661Net Assets 2019: $134,9432019Assets 2020: $154,267Liabilities 2020: $13,318Net Assets 2020: $140,9492020Assets 2021: $130,381Liabilities 2021: $1,033Net Assets 2021: $129,3482021Assets 2022: $643,253Liabilities 2022: $252Net Assets 2022: $643,0012022Assets 2023: $580,402Liabilities 2023: $9,743Net Assets 2023: $570,6592023Assets 2024: $488,766Liabilities 2024: $379Net Assets 2024: $488,3872024

Highlighted filing

2019

Assets$136,604
Liabilities$1,661
Net Assets$134,943

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2017: $201,032Expenses 2017: $149,396Net Income 2017: $51,6362017Revenue 2018: $198,569Expenses 2018: $192,424Net Income 2018: $6,1452018Revenue 2019: $238,795Expenses 2019: $173,473Net Income 2019: $65,3222019Revenue 2020: $258,691Expenses 2020: $252,685Net Income 2020: $6,0062020Revenue 2021: $309,862Expenses 2021: $321,463Net Income 2021: -$11,6012021Revenue 2022: $881,413Expenses 2022: $367,760Net Income 2022: $513,6532022Revenue 2023: $458,638Expenses 2023: $530,980Net Income 2023: -$72,3422023Revenue 2024: $481,864Expenses 2024: $559,976Net Income 2024: -$78,1122024

Highlighted filing

2019

Revenue$238,795
Expenses$173,473
Net Income$65,322
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 14, 2020
Return Version
2019v5.0
Gross Receipts
$238,795
Mission and Program Overview

Mission

Groundswell pairs early-stage companies with experts who know the industry and are ready to help. With mentors ranging from business strategy to manufacturing to raising capital, groundswell has the resources for you to ideate, start and grow.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$26,145$101,919▲ $75,774
Accounts Receivable$28,068$21,250▼ $6,818
Land, Buildings, and Equipment, Net$10,142$12,510▲ $2,368
Investments in Publicly Traded Securities-$925-
Total Assets$64,355$136,604▲ $72,249
Liabilities
Accounts Payable and Accrued Expenses-$1,661-
Total Liabilities$0$1,661▲ $1,661
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$64,355$134,943▲ $70,588
Total Net Assets Fund Balance$64,355$134,943▲ $70,588
Total Liabilities and Net Assets / Fund Balance$64,355$136,604▲ $72,249

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,510$1,182$13,692
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bud DeffebachDirector
John VecchioDirector
Mark MohlerDirector
Jarin EisenbergCOO
Revenue and Support

Revenue Composition

Contributions and Grants
$149,881
Program Service Revenue
$88,914
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$65,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$113,388
Salaries, Compensation, and Employee Benefits$60,085
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,258$5,240-$55,498
Occupancy$30,930$3,437-$34,367
Fees for Services Management$5,764$15,700-$21,464
Fees for Services Other$11,126$1,237-$12,363
Office Expenses$11,079$1,093-$12,172
Information Technology$8,883$987-$9,870
Insurance$5,944$661-$6,605
Depreciation Depletion$6,448--$6,448
Payroll Taxes$4,587--$4,587
Other Expenses$4,154--$4,154
Fees for Services Accounting-$3,078-$3,078
Travel$2,867--$2,867
Total Functional Expenses$142,040$31,433$0$173,473
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Groundswell Startups Inc
EIN
81-1417100
Phone
9548303889
Address
2412 IRWIN STREET, MELBOURNE, FL 32901

Signing Officer

Name
Jarin Eisenberg
Title
COO
Phone
9548303889
Signed
2020-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jarin Eisenberg
Formed
2015
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
5

Preparer

Firm
Flavin Nooney & Person
Address
2200 SOUTH BABCOCK STREET, MELBOURNE, FL 32901
Preparer
Thomas P Flavin CPA
Phone
3217254700
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Groundswell pairs early-stage companies with experts who know the industry and are ready to help. With mentors ranging from business strategy to manufacturing to raising capital, groundswell has the resources for you to ideate, start and grow.

Form 990, Page 1, Part I, Line 6

At least one person for 15-20 hours per week in the coworking space. Additional volunteers are required for events. Mentors play a large role in building the community of trust and reliability in the groundswell ecosystem. They are brought into the network as aggressive problem solvers and are expected to give honest feedback and respect company confidentiality.

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

Programming joining the groundswell network means gaining access to resources and workshops specifically tailored to your needs. From workshops for aspiring entrepreneurs looking to test their aptitude to growing companies finding proven strategies to scale, groundswell is here to help. Mentorship groundswell pairs early-stage companies with experts who know the industry and are ready to help. With mentors ranging from business strategy to manufacturing to raising capital, groundswell has the resources for you to ideate, start and grow. Coworking why work in a coffee shop when you can access free coffee and beer, surf the fastest wifi in town and collaborate with other local entrepreneurs, all from a riverside space within walking distance of downtown melbourne's many bars and restaurants. Events something's always going on at groundswell. Featured founder talks, lightning discussions and more in-depth roundtables offer unique perspectives, key expert insights and opportunities for founders to share their challenges and receive an outside opinion.

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

Programming joining the groundswell network means gaining access to resources and workshops specifically tailored to your needs. From workshops for aspiring entrepreneurs looking to test their aptitude to growing companies finding proven strategies to scale, groundswell is here to help. Mentorship groundswell pairs early-stage companies with experts who know the industry and are ready to help. With mentors ranging from business strategy to manufacturing to raising capital, groundswell has the resources for you to ideate, start and grow. Coworking why work in a coffee shop when you can access free coffee and beer, surf the fastest wifi in town and collaborate with other local entrepreneurs, all from a riverside space within walking distance of downtown melbourne's many bars and restaurants. Events something's always going on at groundswell. Featured founder talks, lightning discussions and more in-depth roundtables offer unique perspectives, key expert insights and opportunities for founders to share their challenges and receive an outside opinion.

Form 990, Part XI, Line 9

Book / tax depreciation difference 5,266

Raw XML Appendix326 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GROUNDSWELL PAIRS EARLY-STAGE COMPANIES WITH EXPERTS WHO KNOW THE INDUSTRY AND ARE READY TO HELP. WITH MENTORS RANGING FROM BUSINESS STRATEGY TO MANUFACTURING TO RAISING CAPITAL, GROUNDSWELL HAS THE RESOURCES FOR YOU TO IDEATE, START AND GROW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AT LEAST ONE PERSON FOR 15-20 HOURS PER WEEK IN THE COWORKING SPACE. ADDITIONAL VOLUNTEERS ARE REQUIRED FOR EVENTS. MENTORS PLAY A LARGE ROLE IN BUILDING THE COMMUNITY OF TRUST AND RELIABILITY IN THE GROUNDSWELL ECOSYSTEM. THEY ARE BROUGHT INTO THE NETWORK AS AGGRESSIVE PROBLEM SOLVERS AND ARE EXPECTED TO GIVE HONEST FEEDBACK AND RESPECT COMPANY CONFIDENTIALITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROGRAMMING JOINING THE GROUNDSWELL NETWORK MEANS GAINING ACCESS TO RESOURCES AND WORKSHOPS SPECIFICALLY TAILORED TO YOUR NEEDS. FROM WORKSHOPS FOR ASPIRING ENTREPRENEURS LOOKING TO TEST THEIR APTITUDE TO GROWING COMPANIES FINDING PROVEN STRATEGIES TO SCALE, GROUNDSWELL IS HERE TO HELP. MENTORSHIP GROUNDSWELL PAIRS EARLY-STAGE COMPANIES WITH EXPERTS WHO KNOW THE INDUSTRY AND ARE READY TO HELP. WITH MENTORS RANGING FROM BUSINESS STRATEGY TO MANUFACTURING TO RAISING CAPITAL, GROUNDSWELL HAS THE RESOURCES FOR YOU TO IDEATE, START AND GROW. COWORKING WHY WORK IN A COFFEE SHOP WHEN YOU CAN ACCESS FREE COFFEE AND BEER, SURF THE FASTEST WIFI IN TOWN AND COLLABORATE WITH OTHER LOCAL ENTREPRENEURS, ALL FROM A RIVERSIDE SPACE WITHIN WALKING DISTANCE OF DOWNTOWN MELBOURNE'S MANY BARS AND RESTAURANTS. EVENTS SOMETHING'S ALWAYS GOING ON AT GROUNDSWELL. FEATURED FOUNDER TALKS, LIGHTNING DISCUSSIONS AND MORE IN-DEPTH ROUNDTABLES OFFER UNIQUE PERSPECTIVES, KEY EXPERT INSIGHTS AND OPPORTUNITIES FOR FOUNDERS TO SHARE THEIR CHALLENGES AND RECEIVE AN OUTSIDE OPINION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROGRAMMING JOINING THE GROUNDSWELL NETWORK MEANS GAINING ACCESS TO RESOURCES AND WORKSHOPS SPECIFICALLY TAILORED TO YOUR NEEDS. FROM WORKSHOPS FOR ASPIRING ENTREPRENEURS LOOKING TO TEST THEIR APTITUDE TO GROWING COMPANIES FINDING PROVEN STRATEGIES TO SCALE, GROUNDSWELL IS HERE TO HELP. MENTORSHIP GROUNDSWELL PAIRS EARLY-STAGE COMPANIES WITH EXPERTS WHO KNOW THE INDUSTRY AND ARE READY TO HELP. WITH MENTORS RANGING FROM BUSINESS STRATEGY TO MANUFACTURING TO RAISING CAPITAL, GROUNDSWELL HAS THE RESOURCES FOR YOU TO IDEATE, START AND GROW. COWORKING WHY WORK IN A COFFEE SHOP WHEN YOU CAN ACCESS FREE COFFEE AND BEER, SURF THE FASTEST WIFI IN TOWN AND COLLABORATE WITH OTHER LOCAL ENTREPRENEURS, ALL FROM A RIVERSIDE SPACE WITHIN WALKING DISTANCE OF DOWNTOWN MELBOURNE'S MANY BARS AND RESTAURANTS. EVENTS SOMETHING'S ALWAYS GOING ON AT GROUNDSWELL. FEATURED FOUNDER TALKS, LIGHTNING DISCUSSIONS AND MORE IN-DEPTH ROUNDTABLES OFFER UNIQUE PERSPECTIVES, KEY EXPERT INSIGHTS AND OPPORTUNITIES FOR FOUNDERS TO SHARE THEIR CHALLENGES AND RECEIVE AN OUTSIDE OPINION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOOK / TAX DEPRECIATION DIFFERENCE 5,266
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-14
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.41.120.194
ReturnHeader/FilingSecurityInformation/IPDt02020-03-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:05:42
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593045479
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FLAVIN NOONEY & PERSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02200 SOUTH BABCOCK STREET
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ReturnHeader/PreparerPersonGrp/PhoneNum03217254700
ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS P FLAVIN CPA
ReturnHeader/ReturnTs02020-03-12T08:05:42-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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