2024-07-31T08:41:48-05:00 2022-09-30 260794367 UHY ADVISORS MID-ATLANTIC INC 7900 WESTPARK DR SUITE T420 MCLEAN VA 22102 990 2021-11-30 874015431 GROVE COLLECTIVE FOUNDATION GROV 2022519574 5185 MACARTHUR BLVD NW 456 WASHINGTON DC 20016 JACOB SCHRAMM MANAGING PARTNER 2022519574 2024-07-30 1 MONISH BANGA P00770505 7038932660 2021 2024-08-08 14:25:15Z X X JACOB SCHRAMM 5185 MACARTHUR BLVD NW 456 WASHINGTON DC 20016 745000 0 X GROVEIMPACT.ORG X 2021 DC THE MISSION OF GROVE COLLECTIVE FOUNDATION IS TO ACCELERATE ECONOMIC AND SOCIAL MOBILITY SOLUTIONS BY EQUIPPING INNOVATORS WITH TEAMS OF EXPERIENCED SOCIAL ENTREPRENEURS. 4 2 0 2 0 0 490000 255000 0 0 745000 0 0 95292 0 1404 402416 497708 247292 355770 108478 247292 X THE MISSION OF THE FOUNDATION IS TO INCREASE ECONOMIC AND SOCIAL MOBILITY BY EQUIPPING INNOVATORS WITH TEAMS OF EXPERIENCED SOCIAL ENTREPRENEURS WHO CAN HELP THEM ACCELERATE THEIR SECTOR-CHANGING IDEAS. SOLUTIONS FOR THE WORLD'S MOST PRESSING SOCIAL CHALLENGES ARE OFTEN ENVISIONED BY LEADERS OF THE NONPROFITS AND UNIVERSITIES FACING THOSE CHALLENGES EVERY DAY. BUT UNFORTUNATELY, THOSE LEADERS ARE OFTEN TOO BUSY RUNNING THEIR ORGANIZATIONS TO MOVE THE BIG IDEA, SO IT NEVER LEAVES THE DRAWING BOARD. GROVE IS A SOCIAL-IMPACT ORGANIZATION THAT PROVIDES ENTREPRENEURIAL CAPACITY TO HELP PARTNERS MOVE THEIR BIG IDEA FROM CONCEPT TO CONCRETE. 0 0 269926 100000 OBSIDIAN ECOSYSTEM INITIATIVE - BLACK AND BROWN REAL ESTATE DEVELOPERS SEED MULTIDIMENSIONAL INFRASTRUCTURE. THE OBSIDIAN ECOSYSTEM INITIATIVE CONNECTS THE NATION'S TOP EMERGING BLACK AND BROWN REAL ESTATE DEVELOPERS WITH EDUCATION, WORKFORCE, AND INFRASTRUCTURE INNOVATORS TO PROVIDE BREAKTHROUGH NEIGHBORHOOD-LEVEL SOCIAL AND ECONOMIC MOBILITY OUTCOMES. 91158 0 CAREER AND TECHNICAL EDUCATION - THE FOUNDATION SEEKS TO EXPAND HIGH SCHOOL CAREER PATHWAY AND COLLEGE GUIDANCE CAPACITY USING A NOVEL APPROACH FOR EXPANDING WORK-BASED LEARNING OPPORTUNITIES FOR STUDENTS AND COLLEGE AND CAREER PATHWAY GUIDANCE SUPPORTS IN UNDER-RESOURCED SCHOOLS. 49486 52500 BOTTOM LINE - THE BOTTOM LINE PROGRAM WAS ESTABLISHED TO COMBINE IMPACT AND SCALE VIA BOT TECHNOLOGY, TO BUILD ON THE ORGANIZATION'S UNSURPASSED EVIDENCE BASE FOR POSTSECONDARY ACCESS AND COMPLETION, AND TO TEST AI-DRIVEN TOOLS TO INCREASE EFFICIENCY AND SCALE. 45767 15000 ONE GOAL - THE PURPOSE OF THE ONEGOAL PROGRAM IS TO SCALE COLLEGE ACCESS IMPACT THROUGH STATE DELIVERY CHANNELS AND TO PACKAGE AND DISTRIBUTE STATE-WIDE TRAINING FOR HIGH SCHOOL TEACHERS AND COUNSELORS IN HOLISTIC, EQUITY-FOCUSED COLLEGE ACCESS. 31796 87500 CENTER FOR INCLUSIVE COMPUTING - THE CENTER FOR INCLUSIVE COMPUTING PROJECT AIMS TO DEVELOP A STRATEGY FOR SYSTEMIC ADOPTION OF EVIDENCE-BASED PRACTICES FOR ATTRACTING AND RETAINING WOMEN AND STUDENTS FROM RACES/ETHNICITIES HISTORICALLY MARGINALIZED IN COMPUTING. OPERATED WITH THE CENTER FOR INCLUSIVE COMPUTING (CIC) AT NORTHEASTERN UNIVERSITY, THE PROJECT ENGAGES STRATEGISTS WITH EXPERIENCE SCALING EDUCATIONAL INITIATIVES THROUGH PUBLIC POLICY, UNIVERSITY NETWORKS, AND EMPLOYER DEMAND, EQUIPPING CIC WITH REAL-WORLD EXPERTISE NECESSARY TO DESIGN AN EFFECTIVE STRATEGY FOR SCALING THEIR PROMISING INTERVENTION. 77563 102500 488133 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 4 2 1 0 0 0 1 1 0 1 1 0 0 1 1 0 1 1 1 1 0 0 X THE ORGANIZATION 2022519574 5185 MACARTHUR BLVD NW 456 WASHINGTON DC 20016 X SCOTT SIFF DIRECTOR 1.00 X 0 0 0 EMMANUEL FORTUNE DIRECTOR 1.00 X 0 0 0 KEVIN ROBINSON DIRECTOR 1.00 X 0 0 0 KINNY ZALESNE DIRECTOR 1.00 X 0 0 0 JACOB SCHRAMM MANAGING PARTNER OF FOUNDATION 30.00 10.00 X 0 0 0 0 0 0 0 0 0 0 0 490000 490000 EDUCATION MODELS 900099 152500 152500 RESEARCH AND DEVELOPME 900099 102500 102500 255000 745000 255000 0 0 X 95292 95292 1022 1022 4100 4100 375383 372030 2114 1239 1612 824 779 9 15911 15659 126 126 4071 4071 15 15 302 242 30 30 497708 488133 8171 1404 179539 125000 47722 3509 0 355770 108478 0 108478 X 171434 75858 0 247292 0 355770 247292 0 X 0 1 X 1 0 X 490000 490000 490000 490000 490000 490000 255000 X PART II, SHORT YEAR EXPLANATION: CURRENT FILING YEAR IS A SHORT YEAR AS THE FOUNDATION WAS NOT ESTABLISHED UNTIL NOVEMBER 30, 2021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 750688 5688 5688 745000 0 745000 503396 5688 5688 497708 0 497708 PART X, LINE 2: THE FOUNDATION IS REQUIRED TO MEASURE, RECOGNIZE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN INCOME TAX POSITIONS THE FOUNDATION HAS TAKEN IN THE TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION OR EXPECT TO TAKE ON AN INCOME TAX RETURN. THE FOUNDATION RECOGNIZES THE TAX BENEFITS FROM UNCERTAIN INCOME TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAX AUTHORITIES. THE FOUNDATION RECORDED NO LIABILITY FOR UNCERTAIN INCOME TAX POSITIONS FOR ANY OPEN TAX YEARS. LEAGUE LLC DBA GROVE SOCIAL IMPACT PARTNERS SOLE MEMBER PAYMENT OF ORGANIZATION START UP COSTS X 61426 0 0 0 0 LEAGUE LLC DBA GROVE SOCIAL IMPACT PARTNERS SOLE MEMBER PAYMENT OF ORGANIZATION START UP COSTS X 97221 47722 0 0 0 47722 KINNY ZALESNE BOARD MEMBER 29400 CONSULTING, KINNY ZALESNE, WHO IS A BOARD MEMBER OF THE FOUNDATION, WAS COMPENSATED AS AN INDEPENDENT CONTRACTOR FOR CONSULTING SERVICES SHE PROVIDED TO THE FOUNDATION IN 2021. THE WHOLE AMOUNT OF $29,400 WAS PAID BY THE FOUNDATION FOR ZALESNE'S WORK WITH THE CAREER AND TECHNICAL EDUCATION PROGRAM. 0 PART II THE COLLECTIVE HIRES LEAGUE, LLC TO SERVE AS MANAGING DIRECTOR OF THE FOUNDATION, ANY FOR-PROFIT ACTIVITIES THAT DO NOT FALL UNDER THE NON-PROFIT BANNER ARE PERFORMED AND TAKEN ON BY LEAGUE, LLC. LEAGUE HEADS ALL OF THESE INITIATIVES AND ALLOCATES EXPENSES BETWEEN THE TWO ENTITIES, THE FOUNDATION'S EXPENSES PAID BY LEAGUE, LLC ARE TREATED AS LOANS TO THE FOUNDATION BY LEAGUE AND LEAGUE EXPENSES PAID BY THE FOUNDATION ARE TREATED AS LOANS TO LEAGUE, LLC. THE AMOUNT DUE FROM LEAGUE TO THE ORGANIZATION AS OF YEAR END WAS $47,722 WHICH WAS COMPLETELY PAID SUBSEQUENT TO YEAR END. THE AMOUNT DUE TO LEAGUE FROM THE FOUNDATION AS OF YEAR END WAS $0. FORM 990, PART VI, SECTION A, LINE 2 TWO MEMBERS OF THE BOARD, SCOTT SIFF AND KINNY ZALESNE, ARE MARRIED. FORM 990, PART VI, SECTION A, LINE 6 GROVE COLLECTIVE FOUNDATION HAS ONE MEMBER, LEAGUE, LLC. FORM 990, PART VI, SECTION A, LINE 7A ACCORDING TO THE BYLAWS, GROVE COLLECTIVE FOUNDATION HAS ONE MEMBER WITH THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY, LEAGUE LLC. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGING PARTNER, WHO IS ALSO A BOARD MEMBER, REVIEWS FORM 990 AS PREPARED BY THE ORGANIZATION'S OUTSIDE CPAS. THE MANAGING PARTNER ALSO SHARES THE FORM 990 WITH THE ENTIRE BOARD FOR THEIR REVIEW. FORM 990 IS FILED AFTER THE MANAGING PARTNER GIVES HIS FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ON A REGULAR BASIS THE BOARD REVIEWED COLLECTED CONFLICT FORMS, REVIEWED ALL CONFLICTS AND TOOK APPROPRIATE MEASURES TO RECUSE BOARD MEMBERS FROM ANY DIRECTOR ACTIVITY CONCERNING RELEVANT BUSINESS. FORM 990, PART VI, SECTION B, LINE 15A MULTIPLE MEMBERS OF THE BOARD SOURCED THIRD PARTY CEO PAY COMPARABLES FOR AN ORGANIZATION OF GROVE COLLECTIVE FOUNDATION'S SIZE AND SHARED THE DATA WITH THE ENTIRE BOARD. AFTER REVIEWING THE DATA, THE BOARD VOTED UNANIMOUSLY TO APPROVE THE CEO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. IT MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC IF AND TO THE EXTENT LEGALLY REQUIRED TO DO SO. FORM 990, PART IX, LINE 11G ICIC RESEARCH PARTNERS: PROGRAM SERVICE EXPENSES 44,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,000. COORDINATOR: PROGRAM SERVICE EXPENSES 11,664. MANAGEMENT AND GENERAL EXPENSES 2,114. FUNDRAISING EXPENSES 1,239. TOTAL EXPENSES 15,017. GROVE PARTNERS: PROGRAM SERVICE EXPENSES 316,366. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 316,366. FORM 990 ITEM B THE FOUNDATION HAS PREPARED AN AMENDED RETURN TO REFLECT AUDIT ADJUSTED JOURNAL ENTRIES RECEIVED AFTER INITIAL FILING AND TO REPORT TRANSACTIONS WITH A DISQUALIFIED PERSON THAT WERE PREVIOUSLY REPORTED AS RELATED PARTY TRANSACTIONS. IN ADDITION, LEAGUE LLC AND THE RELATED TRANSACTIONS WERE MOVED FROM SCHEDULE R PART I TO SCHEDULE L PART III.