EIN 87-4015431

Grove Collective Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2021
Most recent tax filings
2022-09-01
Description
Grove Collective Foundation equips innovators with teams of experienced social entrepreneurs to accelerate economic and social mobility solutions.
Total revenues
$945,000
2022
Total expenses
$487,396
2022
Total assets
$533,896
2022
Num. employees
0
2022

Program areas at Grove Collective Foundation

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.
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.
Career and technical education - the Collective 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.
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.
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.

Who funds Grove Collective Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Kresge FoundationTo Help Leading College Access and Success Organizations Launch Strategic Initiatives With Systems-Change Potential.$250,000
W.K. Kellogg Foundation (WKKF)Sponsor Convenings To Enable Racial Healing Among Education, Non-Profit, Social Impact and Philanthropic Leaders By Creating Space To Integrate Faith and Justice and Support Relationship-Building To Catalyze Action Toward Healing and Transforming Communities, Organizations and Institutions$50,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$30,000

Personnel at Grove Collective Foundation

NameTitleCompensation
Jacob SchrammManaging Partner$0

Financials for Grove Collective Foundation

RevenuesFYE 09/2022
Total grants, contributions, etc.$690,000
Program services$255,000
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$945,000

Form 990s for Grove Collective Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-15990View PDF
Data update history
December 23, 2023
Received grants
Identified 1 new grant, including a grant for $250,000 from Kresge Foundation
October 7, 2023
Updated personnel
Identified 5 new personnel
October 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 27, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Political advocacyManagement and technical assistanceTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
5185 Macarthur Blvd NW 456
Washington, DC 20016
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
groveimpact.org/ 
Phone
(202) 251-9574
IRS details
EIN
87-4015431
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2021
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B02: Education Management and Technical Assistance
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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