2026-07-10T09:33:52-05:00 2024-12-31 411534805 CARPENTER EVERT & ASSOCIATES LTD 7760 FRANCE AVE S SUITE 940 BLOOMINGTON MN 55435 990 2024-01-01 993615471 GROUNDBREAK COALITION GROU 6516599336 800 IDS CENTER 80 S 8TH STREET MINNEAPOLIS MN 55402 TONYA ALLEN PRESIDENT 6516599336 2026-07-10 1 0 NEAL EVERT P00046853 9528310085 2026-07-10 2024 2025-03-06 01:10:19Z X TONYA ALLEN 800 IDS CENTER 80 S 8TH STREET MINNEAPOLIS MN 55402 25504886 0 X GROUNDBREAKCOALITION.ORG X 2024 MN GROUNDBREAK COALITION (THE ORGANIZATION), IS A GROUP OF OVER 40 CORPORATE, CIVIC, AND PHILANTHROPIC LEADERS COMMITTED TO DEMONSTRATING THAT WITH ENOUGH RESOURCES, A RACIALLY EQUITABLE AND CARBON- NEUTRAL FUTURE IS POSSIBLE NOW FIRST IN MINNEAPOLISST. PAUL AND THEN ACROSS THE COUNTRY. 3 3 0 37 0 0 0 25154702 0 0 0 350184 0 0 0 25504886 0 1590000 0 0 0 0 0 0 78044 0 1790127 0 3380127 0 22124759 3000000 25997809 0 873050 3000000 25124759 X GROUNDBREAK COALITION WILL WORK TO FOSTER AND PROMOTE A MORE INCLUSIVE, JUST, EQUITABLE, AND CLIMATE-READY FUTURE BY, AMONG OTHER THINGS, DEVELOPING, SUPPORTING, AND APPLYING TRANSFORMATIONAL SOLUTIONS DESIGNED TO ADDRESS PRESSING SOCIETAL, ECONOMIC AND ENVIRONMENTAL CHALLENGES FACED BY VULNERABLE AND OTHER DISADVANTAGED POPULATIONS, INCLUDING THOSE WHO HAVE FACED HISTORIC DISCRIMINATION AND EXCLUSION, AND ACCELERATE COMMUNITY DEVELOPMENT IN THE MINNEAPOLIS-ST. PAUL, MINNESOTA REGION AND BEYOND THROUGH GRANTMAKING, EDUCATIONAL ACTIVITIES, AND INNOVATIVE FUNDING MECHANISMS. 1 0 2864167 1590000 IN 2024, GROUNDBREAK'S FIRST YEAR OF OPERATIONS, GROUNDBREAK GRANTED $1.5M IN NEW HOMEOWNERSHIP GRANTS, PROVIDING RESOURCES FOR 90 FIRST TIME HOMEBUYERS TO START BUILDING GENERATIONAL WEALTH. WE USED A PARTICIPATORY PROCESS TO IDENTIFY EXPERT FINANCIAL MANAGERS FOR GROUNDBREAK'S GRANT PROGRAM, LOAN PROGRAM, AND GUARANTEE POOL PROGRAM TO BEGIN PROVIDING ADDITIONAL SERVICES IN 2025. IN ADDITION WE ENGAGED FINANCIAL INSTITUTIONS TO IDENTIFY AND CREATE 7 GROUNDBREAK ALIGNED MORTGAGE PRODUCTS TO BETTER SERVE ASPIRING FIRST TIME HOMEOWNERS IN MSP. 2864167 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X CHRIS VANECEK 6516599336 800 IDS CENTER 80 S 8TH STREET MINNEAPOLIS MN 55402 X ADAIR MOSLEY TREASURER 2.00 X X 0 0 0 RT RYBAK SECRETARY 2.00 X X 0 0 0 TONYA ALLEN CHAIR 2.00 X X 0 0 0 0 0 0 0 0 0 0 IMAGINE DELIVER 2429 NICOLLET AVE MINNEAPOLIS MN 55404 TO HELP SETUP THE INFRASTRUCTURE FOR GRO 340891 BROADSTREET IMPACT SERVICES LLC 609 W RANDOLPH ST SUITE 200 CHICAGO IL 60661 TO SETUP LOAN POOLS FOR GROUNDBREAK'S LE 250000 WEBER SHANDWICK 875 N MICHIGAN AVENUE SUITE 2400 CHICAGO IL 60611 PUBLIC RELATIONS 199062 MORGAN LEWIS & BOCKIUS LLP 101 PARK AVENUE NEW YORK NY 10178 LEGAL SERVICES FOR CREATING LOAN AND GRA 162142 MISSION DRIVEN FINANCE LLC 2247 SAN DIEGO AVE STE 135 SAN DIEGO CA 92110 TO SETUP AND MANAGE GUARANTEE POOL 125000 5 25154702 25154702 350184 350184 25504886 0 0 350184 X 1590000 1590000 162142 162142 1411234 1272496 60738 78000 1916 1671 201 44 BANK FEES 214835 214835 3380127 2864167 437916 78044 3000000 21841424 4135302 21083 3000000 25997809 0 873050 0 873050 X 3000000 17212790 7911969 3000000 25124759 3000000 25997809 22124759 0 X X 0 1 X 1 0 X 25154702 25154702 25154702 25154702 21734812 3419890 350184 350184 25504886 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10000 10000 3370127 3380127 319006 79752 0 0 319006 319006 478509 10000 10000 79752 79752 119628 PART II-B, LINE 1: TO INFLUENCE THE MN HOUSE AND SENATE TO APPROPRIATE ADDITIONAL MONEY FOR HOUSING AFFORDABILITY AND ENTREPRENEUR SUPPORT IN MN. 0 873050 873050 25504886 0 25504886 0 25504886 3380127 0 3380127 0 3380127 X X X 0 PETERSON CONSULTANTS 2080 MARY HILLS DRIVE MINNEAPOLIS MN 55422 2080 MARY HILLS DRIVE 0 0 0 0 0 TCHFH LENDING INC 1954 UNIVERSITY AVENUE W ST PAUL MN 55104 811958719 501(C)(3) 1590000 0 SUPPORT OF GROUNDBREAK COALITION PROGRAM 1 PART I, LINE 2: SUPPORT OF GROUNDBREAK COALITION MORTGAGE PROGRAM COLLABORATION FORM 990, PART III, LINE 2 IN 2024, THE GROUNDBREAK COALITION MADE SIGNIFICANT CHANGES TO ITS ORGANIZATIONAL STRUCTURE AND BEGAN DEPLOYING CAPITAL THROUGH A NEW FINANCIAL SYSTEM TO INCREASE BLACK WEALTH IN THE MINNEAPOLIS-ST. PAUL REGION. KEY CHANGES INCLUDE ESTABLISHING AN EXECUTIVE COUNCIL, LAUNCHING IMPLEMENTATION TEAMS, AND ROLLING OUT SPECIFIC PILOT PROGRAMS FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE PRESENTED TO THE FINANCE AND OPERATIONS COMMITTEE FOR QUESTIONS AND THEN SUBMITTED TO THE FULL BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY AND ON AN AS NEEDED BASIS FILL OUT A CONFLICT OF INTEREST FORM. FORM 990, PART VI, SECTION B, LINE 15 AN OUTSIDE AGENCY WAS HIRED TO PROVIDE DATA AND COMPARISONS TO CRAFT EMPLOYEE COMPENSATION PACKAGES. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G PROFESSIONAL FEES AND CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 1,272,496. MANAGEMENT AND GENERAL EXPENSES 60,738. FUNDRAISING EXPENSES 78,000. TOTAL EXPENSES 1,411,234. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR