Overview
What is Groove Fund Inc?
Groove Fund Inc is a nonprofit organization dedicated to supporting college students financially. Their primary mission is to raise funds and offer scholarships to deserving students. In the recent past, they awarded scholarships to 17 students, amounting to $17,500. Additionally, they donated a significant sum of $35,662 to Morgan State University to aid their students. The organization's reach extends to helping individual students by awarding scholarships of $1,000 each to five students. Groove Fund Inc's primary focus is to empower college-bound students by alleviating financial burdens, thereby enabling them to pursue their academic goals.
Official website here: www.groovefund.org
Is Groove Fund Inc legitimate?
Groove Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Groove Fund Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Official website here: www.groovefund.org
What is the mission statement of Groove Fund Inc?
Groove Fund Inc's mission is centered around raising funds and providing scholarships to students pursuing higher education. The organization has awarded scholarships totalling $17,500 to 17 students and an additional $35,662 to Morgan State University, specifically. The purpose of their activities is to support the educational aspirations of students by offering financial aid. Groove Fund Inc also awards scholarships of $1,000 each to five deserving students.
Official website here: www.groovefund.org
Who is the CEO of Groove Fund Inc?
Michael Bailey is the Treasurer of Groove Fund Inc.
Official website here: www.groovefund.org
What is the revenue of Groove Fund Inc?
Groove Fund Inc's revenue in 2022 was $137,234.
Official website here: www.groovefund.org
Who are the executives of Groove Fund Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.groovefund.org
Where can I find the form 990EZ for Groove Fund Inc?
Groove Fund Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.groovefund.org
Learn more at the official website: www.groovefund.org
Mission Statement of Groove Fund Inc
Groove Fund Inc, as an organization, is dedicated to raising funds and providing scholarships to students who are pursuing higher education. Their mission is to support these students financially, enabling them to attend college and further their academic endeavors. The organization has shown its commitment to this cause by awarding scholarships worth a substantial amount. In particular, they granted 17 scholarships to various students, totaling $17,500. Additionally, Groove Fund Inc made a significant contribution of $35,662 in scholarship funds to Morgan State University, demonstrating their broad reach and impact in the field of education. The purpose of Groove Fund Inc is to make higher education more accessible and affordable for deserving students, thereby empowering them to build better futures for themselves.
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Impact
October, 2024
Groove Fund Inc has made a significant impact in supporting higher education by awarding scholarships to students pursuing their college degrees. Recently, the organization awarded 17 scholarships totaling $17,500 to deserving students, effectively enhancing their ability to finance their education. Notably, Groove Fund Inc also allocated $35,662 in scholarship funds specifically to Morgan State University, further reinforcing its commitment to educational advancement. In addition to these contributions, the fund awarded five students individual scholarships of $1,000 each, providing critical financial support that can alleviate the burden of tuition and educational expenses. Through these efforts, Groove Fund Inc strengthens access to education and empowers students to achieve their academic goals.
This information is meant to be a general summary of Groove Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,264
- Gross Receipts: $137,234
Assets and Liabilities:
- Total Assets: $183,859
- Total Liabilities: $0
- Net Assets: $183,859
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Organization Details
Phone
(860) 463-4171Principal Officer
Michael Bailey
Main Address
PO BOX 1079, HARTFORD, CT, 061431079
Website
www.groovefund.orgNTEE Category
Code: B82 - Education
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