Nonprofit · EIN 86-1017490
GROUNDSWELL CAPITAL
Tax-exempt · TUCSON, AZ 85701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,063,297 | $591,509 | $471,788 | $13,828,734 | $11,536,961 | $2,291,773 |
| June 30, 2024 | 990 (amended) | $2,426,655 | $1,038,222 | $1,388,433 | $3,208,352 | $1,400,130 | $1,808,222 |
| June 30, 2023 | 990 | $1,003,528 | $583,739 | $419,789 | $986,986 | $567,197 | $419,789 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $684,792
- of which government grants
- $86,134
- Program service revenue
- $119,588
- Investment income
- $131,791
- Other revenue
- $127,126
Expenses
- Grants and similar amounts paid
- $233,748
- Compensation of officers, directors and key employees
- $174,854
- Other salaries and wages
- $2,364
- Salaries, compensation and benefits (total)
- $196,527
- Professional fundraising fees
- $0
- Legal fees
- $12,684
- Accounting fees
- $6,604
- Occupancy
- $4,841
- Travel
- $1,352
- Program services (functional)
- $534,972
- Management and general (functional)
- $49,922
- Fundraising (functional)
- $6,615
Balance sheet and other
- Total assets, start of year
- $3,208,352
- Total assets, end of year
- $13,828,734
- Total liabilities, end of year
- $11,536,961
- Net assets, end of year
- $2,291,773
- Publicly traded securities
- $10,805,462
- Net assets without donor restrictions
- $666,365
- Net assets with donor restrictions
- $1,625,408
- Gross receipts
- $1,063,297
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2001
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANDREA THOMPSON | PRESIDENT Trustee or director, Officer | 40 | $0 | $169,780 | $5,074 |
| DAVE DICOSOLA | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROB TULL | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MIGUEL CRUZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANNE DOUGHERTY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| AMBER CORDOBA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SANDRA BARTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARK MANSFIELD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RITESH PATEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ANGELO TORREALBA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ANDREA THOMPSON | PRESIDENT Officer | 20 | $0 | $170,000 |
| SANDRA BARTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| AMBER CORDOBA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANNE DOUGHTERY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK MANSFIELD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RITESH PATEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIGUEL CRUZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVE DICOSOLA | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ROB TULL | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| ANGELO TORRELBA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANDREA THOMPSON | CHIEF EXECUTIVE OFFICER Officer | 0 | $0 | $116,135 | $2,100 |
| JUDY CLINCO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MEREDITH ARONSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| PATRICIA SCHWABE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MELISSA MIMI NOSHAY-PETRO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SANDRA BARTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MONIQUA LANE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SHAY JIMENEZ | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 S MEYER AVENUE UNIT 3, TUCSON, AZ 85701-2578
- Mailing address (990-N for 2021)
- PO BOX 1548, TUCSON AZ 85702
- Principal officer (990 for 2024)
- ANDREA THOMPSON, 600 S MEYER AVENUE UNIT 3, TUCSON, AZ 85701
- Principal officer (990-N for 2021)
- DRE THOMPSON, PO BOX 1548, TUCSON AZ 85702
- Signed the 990
- ERIN MCGUINNESS, DIRECTOR OF FINANCE
- Phone
- (520) 222-6722
- Website
- www.groundswellcapital.org
- Return prepared by
- EASY OFFICE DBA JITASA
Mission
GROUNDSWELL CAPITAL IS AN ARIZONA-BASED 501(C)(3) NONPROFIT LENDER FOCUSED ON CREATING INNOVATIVE, BLENDED CAPITAL SOLUTIONS TO TACKLE OUR COMMUNITIES' BIGGEST CHALLENGES AND INVEST IN A VIBRANT, CLEAN ECONOMY WHERE ALL RESIDENTS CAN PROSPER.
Program accomplishments
- COMMUNITY GRANTS - GROUNDSWELL CAPITAL RECEIVES PASS-THROUGH GRANT FUNDING FROM VARIOUS ORGANIZATIONS AND USES THESE FUNDS TO DISTRIBUTE COMMUNITY GRANTS. DEPENDING ON THE TERMS OF EACH CONTRACT, WE MAY RECEIVE AN ADMINISTRATIVE FEE FOR MANAGING THE GRANT PROCESS. OUR ROLE TYPICALLY INCLUDES MARKETING THE GRANT OPPORTUNITY, COLLECTING AND REVIEWING APPLICATIONS, PROCESSING AND DISBURSING AWARDS, TRACKING GRANT ACTIVITY, AND COMMUNICATING WITH APPLICANTS THROUGHOUT THE PROCESS.Expenses $273,077 · grants $233,748
- SMALL BUSINESS LOANS - GROUNDSWELL ISSUES UNCOLLATERALIZED, SMALL BUSINESS LOANS TO BORROWERS IN ARIZONA. WE HAVE FLEXIBLE UNDERWRITING STANDARDS AND FOCUS ON CHARACTER BASED LENDING. THIS HELPS US SERVE COMMUNITIES THAT ARE OTHERWISE OVERLOOKED BY TRADITIONAL BANKING LENDERS.Expenses $139,703 · revenue $119,573
- EDUCATION AND WORKSHOPS - GROUNDSWELL PROVIDES TECHNICAL ASSISTANCE TO ITS LOAN BORROWERS AND THE WIDER BUSINESS COMMUNITY. WE HOST OFFICE HOURS AS WELL AS WORKSHOPS IN OUR TUCSON SMALL BUSINESS CENTER. WE OFFER OUR CLASSES IN BOTH ENGLISH AND SPANISH.Expenses $112,792
- OTHER PROGRAMSExpenses $9,400
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-1017490
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $13,828,734
- Income (IRS master file)
- $1,063,297
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,063,297 | $591,509 | $13,828,734 | IRS |
| 990 | June 2024 | $2,426,655 | $1,038,222 | $3,208,352 | XML |
| 990 | June 2023 | $1,003,528 | $583,739 | $986,986 | XML |
| 990-N for 2021 Officer: DRE THOMPSON | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Lawrence Lucero | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Lawrence Lucero | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-1017490).
Questions about GROUNDSWELL CAPITAL
- What is the EIN of GROUNDSWELL CAPITAL?
- The employer identification number (EIN) of GROUNDSWELL CAPITAL is 86-1017490.
- Is GROUNDSWELL CAPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to GROUNDSWELL CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does GROUNDSWELL CAPITAL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GROUNDSWELL CAPITAL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GROUNDSWELL CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GROUNDSWELL CAPITAL?
- The 990 for the year ended June 30, 2025 names ANDREA THOMPSON.
- Who are the officers and directors of GROUNDSWELL CAPITAL?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does GROUNDSWELL CAPITAL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,063,297, expenses of $591,509 and total assets of $13,828,734 at year end.
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