2026-04-28T02:43:52-07:00 2025-06-30 262176601 EASY OFFICE DBA JITASA 1120 S RACKHAM WAY SUITE 300 MERIDIAN ID 83642 990 2024-07-01 861017490 GROUNDSWELL CAPITAL GROU 5202226722 600 S MEYER AVENUE UNIT 3 TUCSON AZ 85701 ERIN MCGUINNESS DIRECTOR OF FINANCE 5202226817 2026-04-28 1 1 JEREMY CORK P01544850 2082874777 2026-04-28 2024 2025-03-06 01:10:19Z ANDREA THOMPSON 600 S MEYER AVENUE UNIT 3 TUCSON AZ 85701 1063297 0 X www.groundswellcapital.org X 2001 AZ 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. 10 9 0 10 0 0 2357763 684792 67965 119588 131791 927 127126 2426655 1063297 378903 233748 0 196527 0 6615 659319 161234 1038222 591509 1388433 471788 3208352 13828734 1400130 11536961 1808222 2291773 X 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. 1 0 273077 233748 0 COMMUNITY GRANTS - GROUNDSWELL CAPITAL RECEIVES PASS-THROUGH GRANT FUNDING FROM VARIOUS ORGANIZATIONS AND USES THESE FUNDS TO DISTRIBUTE COMMUNITY GRANTS. DEPENDING ON THE TERMS OF EACH CONTRACT, WE MAY RECEIVE AN ADMINISTRATIVE FEE FOR MANAGING THE GRANT PROCESS. OUR ROLE TYPICALLY INCLUDES MARKETING THE GRANT OPPORTUNITY, COLLECTING AND REVIEWING APPLICATIONS, PROCESSING AND DISBURSING AWARDS, TRACKING GRANT ACTIVITY, AND COMMUNICATING WITH APPLICANTS THROUGHOUT THE PROCESS. 139703 0 119573 SMALL BUSINESS LOANS - GROUNDSWELL ISSUES UNCOLLATERALIZED, SMALL BUSINESS LOANS TO BORROWERS IN ARIZONA. WE HAVE FLEXIBLE UNDERWRITING STANDARDS AND FOCUS ON CHARACTER BASED LENDING. THIS HELPS US SERVE COMMUNITIES THAT ARE OTHERWISE OVERLOOKED BY TRADITIONAL BANKING LENDERS. 112792 0 0 EDUCATION AND WORKSHOPS - GROUNDSWELL PROVIDES TECHNICAL ASSISTANCE TO ITS LOAN BORROWERS AND THE WIDER BUSINESS COMMUNITY. WE HOST OFFICE HOURS AS WELL AS WORKSHOPS IN OUR TUCSON SMALL BUSINESS CENTER. WE OFFER OUR CLASSES IN BOTH ENGLISH AND SPANISH. 9400 0 0 OTHER PROGRAMS 9400 0 0 534972 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 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 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X X ERIN MCGUINNESS 5202226817 600 S MEYER AVENUE TUCSON AZ 85701 ANDREA THOMPSON PRESIDENT 40 X X 0 169780 5074 DAVE DICOSOLA VICE-PRESIDENT 1 X X 0 0 0 ROB TULL TREASURER 1 X X 0 0 0 MIGUEL CRUZ BOARD MEMBER 1 X 0 0 0 ANNE DOUGHERTY BOARD MEMBER 1 X 0 0 0 AMBER CORDOBA BOARD MEMBER 1 X 0 0 0 SANDRA BARTON BOARD MEMBER 1 X 0 0 0 MARK MANSFIELD BOARD MEMBER 1 X 0 0 0 RITESH PATEL BOARD MEMBER 1 X 0 0 0 ANGELO TORREALBA BOARD MEMBER 1 X 0 0 0 0 169780 5074 1 0 1 0 0 0 0 0 0 86134 598658 0 684792 INTEREST LOAN REVENUE 523990 113862 113862 0 0 PROGRAM SERVICE FEES 900099 5726 5726 0 0 0 0 0 0 119588 131791 0 0 131791 0 0 0 0 0 0 0 0 0 0 0 0 0 BAD DEBT RECOVERY 900099 127126 127126 0 0 0 0 0 0 127126 1063297 246714 0 131791 X 233748 233748 174854 154486 20368 2364 2089 275 845 743 102 4714 4148 566 13750 12164 1586 12684 12684 6604 6604 67102 60976 6126 928 928 6437 4480 1468 489 19390 19390 4841 4841 1352 1349 3 19861 19861 7484 7484 INTEREST FEES 11291 0 11291 0 PROGRAM EXPENSES 3085 3085 0 0 DUES AND SUBSCRIPTIONS 175 0 175 0 591509 534972 49922 6615 1006404 657200 154682 616867 541986 1395399 1795157 28929 10805462 35000 3208352 13828734 53646 14541 785000 785000 10000000 561484 737420 1400130 11536961 X 1808222 666365 0 1625408 1808222 2291773 3208352 13828734 471788 11763 0 0 0 0 X X 0 0 0 X 1000000 2357763 684792 4042555 0 0 1000000 2357763 684792 4042555 241912 3800643 131791 131791 127126 127126 4301472 191081 0.88357 0.8711 X Schedule A, Part II, Line 10 BAD DEBT RECOVERY RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF TUCSON 737420 737420 1 SCENTED LEAF TEA HOUSE 943 E UNIVERSITY BLVD 165 TUCSON AZ 85719 25000 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT. DOLCE PASTELLO CAKES 120 SOUTH AVENIDA DEL CONVENTO TUCSON AZ 85745 20000 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT. WHITE FILE LLC 2928 E BROADWAY BLVD TUCSON AZ 85716 18500 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT. DANNY'S DOWNTOWN BARBER 53 N 6TH AVE TUCSON AZ 85701 15000 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT. URBAN PITA LLC 345 E CONGRESS ST SUITE 135 TUCSON AZ 85701 15000 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT. MESTIZO STUDIO 177 N CHURCH AVE 100 TUCSON AZ 85701 10000 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT. BERRY GREENS JUICE BAR 245 E CONGRESS ST STE 159 TUCSON AZ 85701 10000 GENEAL SUPPORT SORA HEAD SPA 2525 E 6TH ST TUCSON AZ 85716 10000 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT. BRICKS & MINIFIGS (EVERYTHING IS AWESOME) 4730 E BROADWAY BLVD TUCSON AZ 85711 10000 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT. 1972 BARBER & SHAVE PARLOR LLC 33 S 5TH AVE TUCSON AZ 85701 8000 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT. SUMAJ BOLIVIAN STREET FOOD 4TH AVE TUCSON AZ 85713 6000 SUPPORT SMALL BUSINESSES AND ENTREPRENEURS WITHIN THE RIO NUEVO DISTRICT. 0 11 Schedule I, Part I, Line 2 THE ORGANIZATION REQUIRES DETAILED APPLICATIONS AND BUDGETS, UTILIZES SCORING CRITERIA, AND REQUIRES POST-FUNDING REPORTING, INCLUDING METHODS SUCH AS SITE VISITS, INVOICING, AND DIRECT FUNDING WHERE APPLICABLE. 0 0 0 0 0 0 0 0 0 ANDREA THOMPSON PRESIDENT 0 169780 0 0 0 0 0 0 0 5074 0 174854 0 0 Form 990, Part III, Line 2 EDUCATION AND WORKSHOPS - GROUNDSWELL PROVIDES TECHNICAL ASSISTANCE TO ITS LOAN BORROWERS AND THE WIDER BUSINESS COMMUNITY. WE HOST OFFICE HOURS AS WELL AS WORKSHOPS IN OUR TUCSON SMALL BUSINESS CENTER. Form 990, Part VI, Section A, Line 3 GROUNDSWELL CAPITAL HAS A MANAGEMENT AGREEMENT WITH THE TUCSON IDA FOR THE MANAGEMENT OF PROGRAMS. Form 990, Part VI, Section B, Line 11b TUSCON IDA STAFF WILL REVIEW FOR ACCURACY. DRAFT WILL BE REVIEWED BY THE TREASURER AND PRESENTED TO THE FULL BOARD FOR REVIEW. Form 990, Part VI, Section B, Line 12c EACH BOARD MEMBER IS REQUIRED TO SUBMIT A CONFLICT OF INTEREST FORM WHEN THEY ARE FIRST ELECTED TO THE BOARD, FOLLOWED BY ANNUAL RENEWAL. Form 990, Part VI, Section B, Line 15 COMPENSATION IS REVIEWED DURING THE BUDGET PROCESS AND VOTED ON AS PART OF THE FINAL BUDGET. Form 990, Part VI, Section C, Line 19 DOCUMENTS CAN BE VIEWED UPON REQUEST. THE 990 RETURNS CAN BE ACCESSED VIA GUIDESTAR.ORG AND IRS.GOV. Form 990, Part IX, Line 11g GENERAL AND MARKETING CONSULTANTS. Form 990, Part XII THE ORGANIZATION'S FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF TUCSON AS A DISCRETELY PRESENTED COMPONENT UNIT. INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF TUCSON 600 S MEYER AVE UNIT 3 TUCSON AZ 85701 ECONOMIC DEVELOPMENT AZ N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF TUCSON o 291229 FAIR MARKET VALUE. INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF TUCSON c 140658 FAIR MARKET VALUE. INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF TUCSON p 52450 FAIR MARKET VALUE. INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF TUCSON n 4819 FAIR MARKET VALUE.