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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.2M
+224.5% YoY
Annual Giving
$304K
Grant Count
28
Avg Grant Size
$11K
About Groundswell Capital
Based on IRS filings
Groundswell Capital is a nonprofit organization focused on Housing & Shelter, based in TUCSON, AZ. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 28 grants totaling $304K. Net investment income was $24K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $3,202,901 | $986,986 |
| Revenue | $2,685,721 | $1,003,528 |
| Expenses | $1,014,310 | $583,739 |
| Qualifying Distributions | — | — |
| Net Investment Income | $23,826 | — |
| Distributable Amount | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
28 grants across all recorded years
Open Grants
6 open opportunities from Groundswell Capital
[CREATE] Content With A Purpose Grant
GROUNDSWELL CAPITAL
Amount
Up to $2,000
Deadline
Rolling / Open
Good Energy Grant Fund
GROUNDSWELL CAPITAL
Amount
Up to $10,000
Deadline
Rolling / Open
Groundswell Growth Fund
GROUNDSWELL CAPITAL
Amount
Up to $10,000
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Huub ($30,000), Blax Friday ($25,000), Startup Tucson ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CAFE PASSE TUCSON, AZ | WEBSITE IMPROVEMENTS AND OPERATING EXPENSES, FINANCIAL EDUCATION | $6,200 |
| CORMAX RIGGING SUPPLY TUCSON, AZ | WORKFORCE DEVELOPMENT THROUGH PROFESSIONAL CERTIFICATIONS, FINANCIAL EDUCATION | $6,200 |
| DI LUNA CANDLES LLC TUCSON, AZ | OPERATING EXPENSES, INVENTORY AND EQUIPMENT UNDER $10K, FINANCIAL EDUCATION | $6,200 |
| EL MINUTO CAFE TUCSON, AZ | SMALL BUSINESS EQUIPMENT UNDER $10K, FINANCIAL EDUCATION | $6,200 |
| ESTRADAORNADA MOTORS LLC TUCSON, AZ | OPERATING EXPENSES AND INVENTORY, FINANCIAL EDUCATION | $10,700 |
| MEL DOMINGUEZ ART LLC TUCSON, AZ | INVENTORY AND OPERATING EXPENSES AND EQUIPMENT UNDER $10K, FINANCIAL EDUCATION | $10,200 |
| MOBILITY PLUS TUCSON, AZ | INVENTORY, FINANCIAL EDUCATION | $6,200 |
| RACHEL MARIE PHOTOGRAPHY TUCSON, AZ | PROFESSIONAL CERTIFICATIONS AND OPERATING EXPENSES | $6,200 |
| LEON'S HANDYMAN SERVICES LLC TUCSON, AZ | SMALL BUSINESS EQUIPMENT UNDER $10K AND INVENTORY | $8,328 |
| BARRIO BOOKS TUCSON, AZ | FACILITY RENOVATION COSTS AND MATERIALS | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AMBER CORDOBA | BOARD MEMBER | 1 | — |
| ANNE DOUGHTERY | BOARD MEMBER | 1 | — |
| MARK MANSFIELD | BOARD MEMBER | 1 | — |
| SANDRA BARTON | BOARD MEMBER | 1 | — |
| RITESH PATEL | BOARD MEMBER | 1 | — |
| MIGUEL CRUZ | BOARD MEMBER | 1 | — |
| DAVE DICOSOLA | VICE CHAIR | 2 | — |
| ROB TULL | TREASURER | 4 | — |
| ANGELO TORRELBA | SECRETARY | 1 | — |
| ANDREA THOMPSON | PRESIDENT | 20 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Groundswell Capital?
Groundswell Capital is a nonprofit organization focused on Housing & Shelter, based in TUCSON, AZ. It holds $3.2M in total assets as of 2024.
How large is Groundswell Capital?
As of 2024, Groundswell Capital holds $3.2M in total assets with $2.7M in annual revenue. It awarded 28 grants totaling $304K in 2024.
Where does Groundswell Capital operate?
Groundswell Capital has awarded grants in Arizona.
What size grants does Groundswell Capital award?
In 2024, Groundswell Capital awarded 28 grants totaling $304K — an average of about $11K per grant, based on its IRS Form 990 filings.
What is Groundswell Capital's EIN?
Groundswell Capital's EIN (Employer Identification Number) is 86-1017490. IRS Form 990 filing data is available on this page for 2023–2024.
Explore Open Grants
Browse active grant opportunities in Groundswell Capital's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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