2024-07-03T13:03:32-05:00 2023-12-31 521073331 DEMBO JONES PC 6116 EXECUTIVE BLVD SUITE 500 NORTH BETHESDA MD 20852 990 2023-01-01 270201126 GROUNDSWELL INC GROU 2025053051 80 M STREET SE CO WEWORK WASHINGTON DC 20003 LORI MICHELLE MOORE CHIEF EXECUTIVE OFFICER 2025053051 2024-07-03 1 LORI MICHELLE MOORE 1 JOSHUA G DZYAK CPA P01398949 3017705100 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z LORI MICHELLE MOORE 80 M STREET SE C/O WEWORK WASHINGTON DC 20003 7309534 0 X WWW.GROUNDSWELL.ORG X 2009 DC OUR SOLAR PROJECTS DELIVER ENERGY SAVINGS, BUILD COMMUNITY WEALTH, AND SUPPORT LOCAL JOBS. 7 7 28 7 0 0 3157957 5574832 577171 1730443 175 964 1217 3295 3736520 7309534 94418 101507 0 0 1965135 2416378 0 0 0 1662333 3573176 3721886 6091061 14634 1218473 2571899 3708591 190744 108963 2381155 3599628 X GROUNDSWELL BUILDS COMMUNITY POWER BY ENABLING NEIGHBORS TO WORK TOGETHER TO SHARE POWER THROUGH COMMUNITY SOLAR. WE CONNECT SOLAR POWER TO ECONOMIC EMPOWERMENT BY DEVELOPING EQUITABLE COMMUNITY SOLAR PROJECTS AND DELIVERING SUBSCRIBER MANAGEMENT PROGRAMS. OUR COMMUNITY SOLAR PROJECTS DELIVER ENERGY SAVINGS TO LOW INCOME HOUSEHOLDS, BUILD COMMUNITY WEALTH, AND SUPPORT LOCAL JOBS. 0 0 4020126 101507 1733738 ENERGY AND DEVELOPMENT PROGRAMS GROUNDSWELL WORKS IN THE RAPIDLY EMERGING FIELDS OF COMMUNITY SOLAR AND ENERGY EQUITY TO PROVIDE ACCESS TO AFFORDABLE CLEAN ENERGY TO HOUSEHOLDS THAT ARE CURRENTLY EXCLUDED FROM PARTICIPATING IN SOLAR SAVINGS BECAUSE OF LOW CREDIT SCORES AND OTHER FINANCIAL BARRIERS. WE WORK WITH MUNICIPALITIES, CONGREGATIONS, LOCAL UTILITIES, AND OTHER PARTNERS TO DEVELOP, BUILD, AND MANAGE SOLAR PROJECTS THAT ALIGN THE VALUE OF SOLAR WITH COMMUNITY VALUES. WE COLLABORATE WITH LOCAL PARTNERS TO DELIVER RELATED JOB TRAINING, ENERGY EFFICIENCY, AND OTHER ALIGNED COMMUNITY BENEFITS TO MAXIMIZE THE IMPACT OF OUR WORK.GROUNDSWELL HAS DEVELOPED A REPLICABLE, SCALABLE MODEL FOR SHARING POWER WITH EQUITABLE COMMUNITY SOLAR THAT WORKS ACROSS MULTIPLE STATES. WE PARTNER WITH LOCAL NONPROFITS TO EXPAND OUR WORK INTO EMERGING STATE COMMUNITY SOLAR MARKETS. WE ARE CURRENTLY WORKING WITH MULTIPLE LOCAL PARTNERS IN THE DISTRICT OF COLUMBIA, GEORGIA, MARYLAND, AND NEW YORK STATE AND ARE EXPANDING OUR PROGRAM IN HAWAII AND ILLINOIS. GROUNDSWELL IS BUILDING EQUITABLE COMMUNITY SOLAR PROJECTS IN THE DISTRICT OF COLUMBIA AND IN MARYLAND THAT WILL PROVIDE MORE THAN $1.5 MILLION IN ELECTRICITY COST RELIEF TO LOW INCOME HOUSEHOLDS IN THE REGION. WE ARE COLLABORATING WITH WASHINGTON DC AND THE CITY OF BALTIMORE TO IMPLEMENT MUNICIPAL PROGRAMS THAT DELIVER ELECTRICITY COST REDUCTIONS THROUGH SOLAR POWER. WE ARE FURTHER WORKING WITH THE CITY OF BALTIMORE TO DEPLOY SOLAR AND ENERGY STORAGE SOLUTIONS TO SUPPORT LOCAL COMMUNITY RESILIENCE. WE ARE ALSO WORKING WITH LOCAL NONPROFIT PARTNERS AND MUNICIPAL UTILITIES IN GEORGIA TO DELIVER SOLAR PROJECTS AND RELATED LOW-INCOME ENERGY EFFICIENCY PROGRAMS THAT WILL DELIVER ELECTRICITY COST RELIEF AND OTHER COMMUNITY ECONOMIC DEVELOPMENT BENEFITS TO LOW-INCOME COMMUNITIES.IN PURSUIT OF OUR MISSION, GROUNDSWELL ALSO PROVIDES SERVICE DIRECTLY TO LOW-INCOME HOUSEHOLDS. WE ENROLL, DELIVER CUSTOMER SUPPORT, AND PROVIDE ONGOING BENCHMARKING AND REPORTING ON SAVINGS AND OTHER METRICS TO COMMUNITY SOLAR SUBSCRIBERS. 4020126 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 28 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 DC X THE ORGANIZATION 2025053051 80 M STREET SE C/O WEWORK WASHINGTON DC 20003 ANNIE DONOVAN CHAIR 2.50 X X 0 0 0 BRYCE SCHONBERGER TREASURER 2.50 X X 0 0 0 HAROLD MITCHELL JR DIRECTOR 2.50 X X 0 0 0 CHARLES IMOHIOSEN DIRECTOR 1.00 X 0 0 0 RAJ KRISHNAMURTHY DIRECTOR 1.00 X 0 0 0 MARISA UCHIN DIRECTOR 1.00 X 0 0 0 NELSON REYNERI DIRECTOR 1.00 X 0 0 0 LORI MICHELLE MOORE CHIEF EXECUTIVE OFFICER 40.00 X 225000 0 30383 DAVID ABRAMS CAE CHIEF OPERATING OFFICER 40.00 X 210000 0 9490 KRISTAL VIRGIL VP, FINANCE, IT AND DEVELO 40.00 X 135000 0 6840 ELVIS MOLEKA VP, LABS AND DATA SCIENCE 40.00 X 130000 0 6640 RASHAD WILLIAMS DIRECTOR OF SUBSCRIBER SERVICES 40.00 X 110000 0 1990 810000 0 55343 5 0 1 0 CLIFTONLARSONALLEN LLP 220 SOUTH SIXTH STREET SUITE 300 MINNEAPOLIS MN 55402 ACCOUNTING 130847 1 1238099 4336733 5574832 IN KIND REVENUE 541900 1632077 1632077 CONTRACT REVENUE 541900 98366 98366 1730443 964 964 OTHER 900099 3295 3295 3295 7309534 1733738 0 964 X 101507 101507 474873 225695 249178 1585251 753429 831822 54851 26069 28782 150311 71439 78872 151092 71810 79282 46562 24202 22360 150676 150676 1108838 823197 285641 81219 61567 19652 51375 27829 23546 908 908 96999 51024 45975 117426 64949 52477 32867 32867 46041 46041 CONTRIBUTED ENERGY 1675832 1675832 DUES AND SUBSCRIPTIONS 99865 17761 82104 OTHER 28348 -5052 33400 PRINTING AND PUBLICATIO 27052 27052 9168 1816 7352 6091061 4020126 2070935 0 618182 2310619 20081 20083 711587 272180 1058604 1004395 22839 17279 8055 5560 39534 9162 115856 86592 2571899 3708591 190182 108401 562 562 190744 108963 X 1781444 1879993 599711 1719635 2381155 3599628 2571899 3708591 1218473 0 X X 0 1 X 1 0 X 3030950 2444931 2770257 3157957 5574832 16978927 3030950 2444931 2770257 3157957 5574832 16978927 5587702 11391225 473 212 51 175 964 1875 962 5 1505 1216 3295 6983 16987785 0.67060 0.57850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22839 17279 5560 5560 X 7332034 22500 22500 7309534 0 7309534 6113561 22500 22500 6091061 0 6091061 PART X, LINE 2: GROUNDSWELL, INC. IS EXEMPT FROM PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. UNDER THESE PROVISIONS, NO TAX IS IMPOSED ON ANY INCOME RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE. THE ORGANIZATION HAS DETERMINED THAT IS DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2023 AND 2022. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAX AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED. 1 US DOE 1000 INDEPENDENCE AVE SW WASHINGTON DC 20024 530197006 99007 0 TO SUPPORT RACER PROJECT X X X X 0 0 0 0 0 0 0 0 0 LORI MICHELLE MOORE CHIEF EXECUTIVE OFFICER 225000 0 0 0 0 0 9000 0 21383 0 255383 0 0 0 DAVID ABRAMS CAE CHIEF OPERATING OFFICER 210000 0 0 0 0 0 8050 0 1440 0 219490 0 0 0 FORM 990, PART I, LINE 8, CONTRIBUTIONS CONTRIBUTION AND GRANT INCOME INCLUDES BOTH UNRESTRICTED CONTRIBUTIONS AND GRANTS EARNED DURING THE YEAR AND TEMPORARILY RESTRICTED CONTRIBUTIONS AND GRANTS RECEIVED DURING THE YEAR. THE TOTAL CONTRIBUTION AND GRANT INCOME MATCHES THE TOTAL CONTRIBUTIONS AND GRANT INCOME REPORTED ON THE AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS, AND STAFF HAVE AN OBLIGATION TO CONDUCT BUSINESS WITHIN GUIDELINES THAT AVOID ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST OCCURS WHEN A DIRECTOR, OFFICER, OR STAFF IS IN A POSITION TO INFLUENCE A DECISION THAT MAY RESULT IN PERSONAL GAIN AS A RESULT OF GROUNDSWELL'S BUSINESS DEALINGS. NO PRESUMPTION OF A CONFLICT IS CREATED BY THE MERE EXISTENCE OF A RELATIONSHIP WITH OUTSIDE FIRMS. HOWEVER, IF A DIRECTOR, OFFICER, OR STAFF HAS ANY INFLUENCE ON ANY MATERIAL BUSINESS TRANSACTIONS, IT IS IMPERATIVE THAT HE OR SHE DISCLOSE TO A GROUNDSWELL DIRECTOR, OFFICER, OR STAFF AS SOON AS POSSIBLE THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. PERSONAL GAIN MAY RESULT NOT ONLY IN CASES WERE A DIRECTOR, OFFICER, STAFF, OR RELATIVE HAS A SIGNIFICANT OWNERSHIP IN A FIRM WITH WHICH GROUNDSWELL DOES BUSINESS, BUT ALSO WHEN A DIRECTOR, OFFICER, EMPLOYEE, OR RELATIVE RECEIVES ANY KICKBACK, BRIBE, SUBSTANTIAL GIFT, OR SPECIAL CONSIDERATION AS A RESULT OF ANY TRANSACTION OR BUSINESS DEALINGS INVOLVING GROUNDSWELL. DIRECTORS AND OFFICERS ARE ALSO BOUND BY THE CONFLICTS PROVISIONS IN THE BYLAWS, WHICH PROVIDE FOR APPROVAL OF A TRANSACTION IN WHICH A DIRECTOR OR OFFICER HAS A CONFLICT OF INTEREST. TRANSACTIONS IN WHICH STAFF HAS A CONFLICT OF INTEREST CAN SIMILARLY BE APPROVED BY THE BOARD. THIS POLICY ESTABLISHES ONLY THE FRAMEWORK WITHIN WHICH GROUNDSWELL WISHES ITS BUSINESS TO OPERATE. THE PURPOSE OF THESE GUIDELINES IS TO PROVIDE GENERAL DIRECTION SO THAT A DIRECTOR, OFFICER, OR STAFF CAN SEEK FURTHER CLARIFICATION ON ISSUES RELATED TO THE SUBJECT OF ACCEPTABLE STANDARDS OF OPERATION. FORM 990, PART VI, SECTION B, LINE 15A IN ADDITION TO ONGOING OVERSIGHT, THE EXECUTIVE COMMITTE WILL CONDUCT AN ANNUAL PERFORMANCE EVALUATION OF THE CEO. THE ANNUAL EVALUATION WILL INCLUDE, AT A MINIMUM: - WRITTEN AND/OR VERBAL INPUT FROM SELECTED MEMBERS OF THE STAFF - WRITTEN AND/OR VERBAL INPUT FROM MEMBERS OF THE BOARD - A WRITTEN SELF-EVALUATION FROM THE CEO DOCUMENTS ARE AVAILABLE FOR INSPECTION OF THE ORGANIZATION'S OFFICERS. THE EVALUATION PROCESS WILL INCLUDE IN-PERSON OR TELEPHONE DEBRIEFING WITH THE EXECUTIVE COMMITTEE AND THE CEO. AT THIS TIME, THE CEO WILL AGREE ON ANY SPECIFIC PERSONAL PERFORMANCE GOALS FOR THE YEAR AHEAD. THE CEO'S COMPENSATION PACKAGE WILL BE REVIEWED DURING OR SOON AFTER THIS PROCESS AND APPROVED BY A DISINTERESTED COMMITTEE OF THE BOARD USING APPROPRIATE SALARY COMPARISON DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WERE NOT MADE AVAILABLE TO THE PUBLIC DURING THE TAX YEAR. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 823,197. MANAGEMENT AND GENERAL EXPENSES 285,641. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,108,838. FORM 990, PART XII, LINE 2C: THE OVERSIGHT OR SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.