Grove Collective Foundation

Fiscal year ending 2024. Filed on August 8, 2025.

5185 Macarthur Blvd NW 456
Washington, District of Columbia 20016

Grove Collective Foundation (EIN: 87-4015431) has filed an IRS Form 990 since fiscal year 2022. In its fiscal year 2024 IRS Form 990 filing, Grove Collective Foundation, a 501(c)(3) charitable organization, reported compensation for 1 employee. Among the employees shown here, the average compensation is $272,192. The highest compensated employee at Grove Collective Foundation is Jacob Schramm with fiscal year 2024 compensation of $272,192.

Revenue, expenses, and employee compensation

Revenue

$909,584

Expenses

$1,117,269

Employee compensation

$239,669
Revenue, expenses, and employee compensation over time

Mission Statement

TO INCREASE ECONOMIC AND SOCIAL MOBILITY BY EQUIPPING INNOVATORS WITH TEAMS OF EXPERIENCED SOCIAL ENTREPRENEURS WHO CAN HELP THEM ACCELERATE THEIR SECTOR-CHANGING IDEAS. SOLUTIONS FOR THE WORLD'S MOST PRESSING SOCIAL CHALLENGES ARE OFTEN ENVISIONED BY LEADERS OF THE NONPROFITS AND UNIVERSITIES FACING THOSE CHALLENGES EVERY DAY. UNFORTUNATELY, THOSE LEADERS ARE OFTEN TOO BUSY RUNNING THEIR ORGANIZATIONS TO MOVE THE BIG IDEA, SO IT NEVER LEAVES THE DRAWING BOARD. THE FOUNDATION IS A SOCIAL-IMPACT ORGANIZATION THAT PROVIDES ENTREPRENEURIAL CAPACITY TO HELP PARTNERS MOVE THEIR BIG IDEA FROM CONCEPT TO CONCRETE.

Revisions to this organization profile

August 8, 2025:
2024 Grove Collective Foundation 990 filed
August 2, 2024:
2023 Grove Collective Foundation 990 filed
July 31, 2024:
Amended (originally filed August 15, 2023)2022 Grove Collective Foundation 990 filed

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