GROVE FOUNDATION

EIN: 873178883 501(c)(3) Recreation & Sports

MIDLOTHIAN, VA

Total Revenue
$328,576
Total Expenses
$333,684
Total Assets
$3,143
Net Assets
$-9,278
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Principal Officer
JUSTIN GROVE
Phone
8044849010
Tax Period
2023-09-01 to 2024-08-31

GROVE FOUNDATION, founded in 2021, is a small nonprofit in the Recreation & Sports sector that reported $205K in total revenue in fiscal year 2022. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $189K left a modest 8% surplus.

Mission

TO PROMOTE AMATEUR SOCCER THROUGH THE DEVELOPMENT AND EDUCATION OF ASPIRING PLAYERS. THIS IS ACCOMPLISHED THROUGH AN ELITE AND HIGH PERFORMANCE DEVELOPMENT AND COMPETITIVE ENVIRONMENT.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $42,634
Program Service Revenue $285,942
Investment Income $0
Other Revenue $0
TOTAL REVENUE $328,576

Expense Breakdown

Grants Paid $0
Salaries & Benefits $83,082
Fundraising Expenses $0
Program Expenses $319,844
Other Expenses $250,602
TOTAL EXPENSES $333,684

Year-over-Year Comparison

2023 2022 Change
Revenue $328,576 $205,399 +0.6%
Expenses $333,684 $188,904 +0.8%
Net Income $-5,108 $16,495 -1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
2

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
3
$87,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JON ROBERTS DIRECTOR 1.00
Director
$0 $0 $0
KRRUBEL TESHOME DIRECTOR 1.00
Director
$0 $0 $0
JUSTIN GROVE PRESIDENT AND DIRECTOR 40.00
Director
$87,000 $0 $87,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $328,576 $333,684 $3,143 $-5,108
2023 $205,399 $188,904 $23,914 $16,495
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