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Groundswell Startups Inc

Public charity · Grantmaker Melbourne, FL EIN: 81-1417100 Website

Groundswell pairs early-stage companies with experts who know the industry and are ready to help. With mentors ranging from business strategy to manufacturing to raising capital, groundswell has the resources for you to ideate, start and grow.

Key facts about Groundswell Startups Inc

EIN
81-1417100
Latest 990 filing
Form 990, 2025
Total assets
$469,242

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$469K

-4.0% YoY

Revenue

$634K

+31.5% YoY

Net Investment Income

—

Expenses

$653K

+16.7% YoY

About Groundswell Startups Inc

Based on IRS filings

Groundswell Startups Inc is a public charity focused on Community Improvement & Capacity Building, based in Melbourne, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $469K in total assets.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

Melbourne

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K0 grants20190 grants20200 grants20211 grants20220 grants20230 grants20240 grants2025

In 2022 it made 1 grant totaling $25K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

1 grants across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 1 grant of 1 (100%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
$0$250K$500K$750K$1M2019202020212022202320242025
Metric202520242023
Total Assets$469,242$488,766$580,402
Revenue$633,648$481,864$458,638
Expenses$653,275$559,976$530,980
Net Investment Income———

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2022 (received by the IRS April 5, 2023)

Leadership & Key People

Officers and directors from IRS filings

Groundswell Startups Inc's 2025 filing lists 7 officers; none of the 7 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Bud Deffenbach

    Director

    On filings since 2019

    No compensation reported

  • John Vecchio

    Director

    On filings since 2019

    No compensation reported

  • Mark Mohler

    Director

    On filings since 2019

    No compensation reported

  • Mamoon Rashid

    Director

    On filings since 2022

    No compensation reported

  • Ruchir Gupta

    Director

    On filings since 2023

    No compensation reported

  • Ryan Bailey

    Director

    On filings since 2023

    No compensation reported

  • Sallie Halsey

    Cso

    On filings since 2023

    $2K (2023) → $0 (2025)

Former officers (2)
  • Former: Jarin Eisenberg (2019–2022) — COO
  • Former: Shey Anderson (2021–2022) — Secretary

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2023 IRS filing

Sallie Halsey — Cso: $2KSallie HalseyCso$2K

The highest reported compensation on the 2023 filing was $2K, to Sallie Halsey (Cso).

Frequently asked questions about Groundswell Startups Inc

How large is Groundswell Startups Inc?

Groundswell Startups Inc reported $469K in total assets on its 2025 IRS Form 990. Its revenue that year was $634K.

What is Groundswell Startups Inc?

Groundswell Startups Inc is a public charity focused on Community Improvement & Capacity Building, based in Melbourne, FL. It holds $469K in total assets as of 2025.

Where does Groundswell Startups Inc operate?

Groundswell Startups Inc has awarded grants in Florida.

What is Groundswell Startups Inc's EIN?

Groundswell Startups Inc's EIN (Employer Identification Number) is 81-1417100. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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