The Groundswell Group Inc
Nonprofit profile at a glance
- EIN
- 464617398
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Bronx, NY, USA
- Phone
- 6318487311
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy
Reported finances
- Revenue
- $287,248
- Expenses
- $490,637
- Assets
- $184,767
- Liabilities
- $5,206
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Highest reported compensation
- PHILIP LYNN (DIRECTOR): $105,458 total reported compensation
- REV ADDIE SANDERS BANKS (CHIEF EXECUT): $93,450 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organizations mission is to address disparities resulting from social, emotional, and environmental challenges that had beset the community. The mission became contributing to sustainable solutions by identifying gaps in exisiting approaches, recognizing that traditional methods often fell short in addressing complex, interconnected challenges. The organization also aims to promote a peaceful and healthy culture in the community. This realization fueled by their determination to establish processes that harnessed innovative ideas, integrated youth-driven technology, and formed strategic partnerships to drive systemic change.
What it reported doing in 2024
Through the use of funds recieved from various sources the organization was able to work towards it's mission by creating projects and programs to aid the community, as well as promote a healthy, peaceful, and just culture in the area. Some of such projects and programs include resourcing, supporting, and empowering youth, community residents, community leaders, schools and community organzations faith communities, family shelters, etc.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 90
- Accountability: 63
- Sustainability: 12
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.5%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -70.8%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 40.5%; rating input score 6; 6th percentile among comparable filings
Growth
- Program expense growth: 174.1% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: -37.5% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -70.9% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 96.5% of spending went to programs
- Governance: 8 of 8 board members independent · 1 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $474K in reported program spending
- Leadership: top reported pay $105K · 8 people listed
- Highest-paid contractors: 1 contractor listed · $123K reported
- Consistency: 19 of 19 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Governance controls: 7 of 8 not reported.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 6/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.