Overview
What is Grove Collective Foundation?
Grove Collective Foundation is a nonprofit organization situated in Washington, D.C., with a mission to accelerate economic and social mobility solutions. They achieve this by providing experienced social entrepreneurs to innovators, equipping them with the necessary resources to bring their sector-changing ideas to life. The Obsidian Ecosystem Initiative, a program by Grove Collective Foundation, connects emerging Black and Brown real estate developers with education, workforce, and infrastructure innovators. This initiative aims to foster neighborhood-level social and economic mobility outcomes. Grove Collective Foundation aspires to help nonprofit leaders and university innovators turn their big ideas into tangible solutions, often overlooked due to their busy schedules.
Official website here: www.groveimpact.org
Is Grove Collective Foundation legitimate?
Grove Collective Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grove Collective Foundation submitted a form 990, 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.
Here are some key statistics you may want to consider:
Executive Compensation: $79,292
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Grove Collective Foundation?
The Grove Collective Foundation's mission is to speed up economic and social mobility solutions by providing innovators with teams of experienced social entrepreneurs. Their objective is to increase mobility by equipping innovators with these skilled professionals, who can help accelerate their sector-changing ideas. Frequently, leaders of nonprofits and universities, who face pressing social challenges daily, envision potential solutions. However, due to their busy schedules, these leaders often fail to bring their big ideas to fruition. Grove Collective Foundation serves as a social impact organization, offering entrepreneurial capacity to assist partners in transforming their concepts into tangible realities.
Official website here: www.groveimpact.org
Who is the CEO of Grove Collective Foundation?
Jacob Schramm is the Director of Grove Collective Foundation.
Official website here: www.groveimpact.org
What is the revenue of Grove Collective Foundation?
Grove Collective Foundation's revenue in 2022 was $945,000.
Official website here: www.groveimpact.org
Who are the executives of Grove Collective Foundation and what are their salaries?
- Scott Siff (Director)
- Emmanuel Fortune (Director)
- Kevin Robinson (Director)
- Kinny Zalesne (Director)
- Jacob Schramm (Managing Partner)
Official website here: www.groveimpact.org
Where can I find the form 990 for Grove Collective Foundation?
The Grove Collective Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.groveimpact.org
Learn more at the official website: www.groveimpact.org
Mission Statement of Grove Collective Foundation
Grove Collective Foundation is an organization dedicated to accelerating economic and social mobility solutions. Their mission is to equip innovators with teams of experienced social entrepreneurs, who can help them bring their sector-changing ideas to life. The foundation recognizes that leaders of nonprofits and universities, who are often at the forefront of addressing the world's most pressing social challenges, often lack the time and resources to turn their big ideas into concrete actions. Grove Collective Foundation provides entrepreneurial capacity, bridging the gap between concept and implementation, thereby enabling these ideas to make a tangible impact.
Impact
This information is meant to be a general summary of Grove Collective Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Grove Collective Foundation's impact lies in accelerating economic and social mobility solutions by equipping innovators with teams of experienced social entrepreneurs. Through initiatives like the Obsidian Ecosystem Initiative, which focuses on supporting black and brown real estate developers, the foundation connects emerging talent with education, workforce, and infrastructure innovators to drive breakthrough neighborhood-level social and economic mobility outcomes. By providing entrepreneurial capacity, Grove Collective Foundation helps turn big ideas into tangible solutions to address some of the world's most pressing social challenges.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION MODELS
Revenue
$152,500
RESEARCH AND DEVELOPME
Revenue
$102,500
Organization Details
Founding Year
2021
Phone
(202) 251-9574
Principal Officer
Jacob Schramm
Main Address
5185 MACARTHUR BLVD NW 456, WASHINGTON, DC, 20016
Website
www.groveimpact.org
NTEE Category
Code: B02 - Education
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