Groundbreak Coalition

Nonprofit profile at a glance

EIN
993615471
IRS 990 coverage
2024–2025
Forms available
Form 990 2025
Location
Minneapolis, MN, USA
Phone
6516599336
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Economic Development

Reported finances

Revenue
$28,213,617
Expenses
$25,084,491
Assets
$34,089,361
Liabilities
$5,835,476

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • ADAIR MOSLEY (CEO)

Highest reported compensation

  • ADAIR MOSLEY (CEO): $122,843 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Groundbreak coalition will work to foster and promote a more inclusive, just, equitable, and climate-ready future by, among other things, developing, supporting, and applying transformational solutions designed to address pressing societal, economic and environmental challenges faced by vulnerable and other disadvantaged populations, including those who have faced historic discrimination and exclusion, and accelerate community development in the minneapolis-st. Paul, Minnesota region and beyond through grantmaking, educational activities, and innovative funding mechanisms.

What it reported doing in 2025

In 2025 groundbreak coalition deployed $6.8m in funds to leverage an additional $39m in funds from our banking partners and other community organizations. Through our homeownership program these funds facilitated the purchase of 108 homes for new homeowners. They also helped 15 early-stage and growth businesses gain access to working capital to start and grow their businesses. We also work with community developers to invest in new commercial developments in communities where traditional lending has been slow to go. We closed 1 development deal in 2025, with plans for many more in 2026.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 41% for direct work, and 59% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 57
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.7%; rating input score 81
  • Program expense ratio: 89.7%; rating input score 90
  • Fundraising efficiency: $213.35 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.1%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 1.36; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 0.5%; rating input score 89; 89th percentile among comparable filings

Growth

  • Program expense growth: 154.8% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 10.1% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 26.9% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 80.7% of revenue deployed · 89.7% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $22.5M in reported program spending
  • Leadership: top reported pay $123K · 11 people listed
  • Highest-paid contractors: 3 contractors listed · $748K reported
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.