EIN 87-4015431

Grove Collective Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2021
Most recent tax filings
2023-09-01
Description
Grove Collective Foundation equips innovators with teams of experienced social entrepreneurs to accelerate economic and social mobility solutions.
Total revenues
$1,244,988
2023
Total expenses
$860,560
2023
Total assets
$769,640
2023
Num. employees
0
2023

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.
One goal - the purpose of the one goal 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.
Redemptive leadership project - the redemptive leadership project seeks to create a space for people with meaningful differences to come together in true fellowship, during a time when fewer and fewer such spaces exist. The Collective curated an invitation list to bring together a community with diverse expressions of embodied faith and experience, representing different cultures, denominations, political views, sexual orientations, roles in education, and understandings of god. The Collective deeply believes in the power of building community across many lines of difference, and looks forward to co-creating a sacred and brave space of listening, learning, and communion.
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 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.
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.
Consortium - a consortium of the nation's highly-selective colleges and high-impact community-based organizations creates a more equitable application process for students from low-income backgrounds.
Digital promise - the digital promise program was established to help paraguayan students "leapfrog" inequalities through powerful learning with technology. The program aims to design strategies and secure resources to adapt digital promise's powerful learning model for the paraguayan context with fundacion paraguaya.
Peerforward in college - the purpose of the peerforward in college project (pfic) is to establish a plan to help peerforward support college partners to produce field-shifting increase in graduation rates with a cost-effective and scalable approach.

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 09/2023
Total grants, contributions, etc.$900,239
Program services$344,749
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$1,244,988

Form 990s for Grove Collective Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-02990View PDF
2022-092024-07-31990View PDF
2022-092023-08-15990View PDF
Data update history
September 22, 2024
Used new vendors
Identified 1 new vendor, including
August 2, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from W.K. Kellogg Foundation (WKKF)
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
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Political advocacyEndowed supportManagement 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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