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GRASSROOTS FOUNDATION FOR FINANCIAL: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
GRASSROOTS FOUNDATION FOR FINANCIAL (EIN 45-1143560)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-12-23
IRS object ID
202513579349300616
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-12-23T12:50:36-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN580914992PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DRAFFIN & TUCKER LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1210 WINGO WAY STE 202AddressLine1Txt
CityMOUNT PLEASANTCityNm
State AbbreviationSCStateAbbreviationCd
ZIP294641819ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN451143560EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GRASSROOTS FOUNDATION FOR FINANCIALBusinessNameLine1Txt
Business Name Line2LITERACYBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlGRASBusinessNameControlTxt
Phone8438105247PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12888 RIVER VISTA WAYAddressLine1Txt
CityMT PLEASANTCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29466ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonALAN RICHEYPersonNm
Person TitleOFFICERPersonTitleTxt
Phone8438105247PhoneNum
Signature2025-12-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTERRI M RAMEY CPAPreparerPersonNm
PTINP01252441PTIN
Phone8437220785PhoneNum
Preparation2025-12-19PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Final ReturnYes (X)FinalReturnInd

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1HOOKED ON MIRACLES - KMTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerALAN RICHEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12888 RIVER VISTA WAYAddressLine1Txt
CityMOUNT PLEASANTCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29466ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$309,604GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHOOKEDONMIRACLESKMT@GMAIL.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2011FormationYr
Legal Domicile StateSCLegalDomicileStateCd
Activity Or MissionHOOKED ON MIRACLES - KMT IS DEDICATED TO FUNDING PEDIATRIC THERAPY, MEDICAL TREATMENT, AND HEALTHCARE.ActivityOrMissionDesc
Contract TerminationYes (X)ContractTerminationInd
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers32TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$190,085PYContributionsGrantsAmt
CY Contributions Grants$207,658CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$9,687PYOtherRevenueAmt
CY Other Revenue$27,244CYOtherRevenueAmt
PY Total Revenue$199,772PYTotalRevenueAmt
CY Total Revenue$234,902CYTotalRevenueAmt
PY Grants And Similar Paid$199,730PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$230,000CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$40CYTotalFundraisingExpenseAmt
PY Other Expenses$5,223PYOtherExpensesAmt
CY Other Expenses$5,607CYOtherExpensesAmt
PY Total Expenses$204,953PYTotalExpensesAmt
CY Total Expenses$235,607CYTotalExpensesAmt
PY Revenues Less Expenses-$5,181PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$705CYRevenuesLessExpensesAmt
Total Assets BOY$4,730TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,730NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$0NetAssetsOrFundBalancesEOYAmt
MissionHOOKED ON MIRACLES - KMT IS DEDICATED TO FUNDING PEDIATRIC THERAPY, MEDICAL TREATMENT, AND HEALTHCARE.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$232,864ExpenseAmt
Grant$230,000GrantAmt
DescFISHING TOURNAMENT-FUNDS RAISED THROUGH THE ANNUAL MIRACLE TOURNAMENT AND PAID OUT IN CASH PRIZES WITH 100% OF THE NET PROCEEDS BEING DONATED TO THE MUSC SHAWN JENKINS CHILDREN'S HOSPITAL.Desc
Total Program Service Expenses$232,864TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsYes (true)TerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnfalseAnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcfalseRegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonALAN RICHEYPersonNm
Phone8438105247PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12888 RIVER VISTA WAYAddressLine1Txt
CityMOUNT PLEASANTCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29466ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ALEX COLE
BOARD MEMBER1.50Yes (X)Yes (X)$0$0$0
SCOTT FLANDERS
BOARD MEMBER1.50Yes (X)$0$0$0
SARAH JONES
BOARD MEMBER1.50Yes (X)$0$0$0
ALAN RICHEY
OFFICER20.00Yes (X)Yes (X)$0$0$0
KELLY RICHEY
BOARD MEMBER1.50Yes (X)$0$0$0
BRITT TOOLEY
BOARD MEMBER1.50Yes (X)$0$0$0
TERRI TOOLEY
BOARD MEMBER1.50Yes (X)$0$0$0
AMY WALLACE
BOARD MEMBER1.50Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Fundraising$67,658FundraisingAmt
All Other Contributions$140,000AllOtherContributionsAmt
Total Contributions$207,658TotalContributionsAmt
Fundraising Gross Income$101,946FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$67,658ContriRptFundraisingEventAmt
Fundraising Direct Expenses$74,702FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$27,244TotalRevenueColumnAmt
Exclusion$27,244ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$234,902TotalRevenueColumnAmt
Exclusion$27,244ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$230,000TotalAmt
Program Services$230,000ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,864TotalAmt
Program Services$2,864ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$40TotalAmt
Fundraising$40FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,703TotalAmt
Management And General$2,703ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$235,607TotalAmt
Program Services$232,864ProgramServicesAmt
Management And General$2,703ManagementAndGeneralAmt
Fundraising$40FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$4,730BOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,730BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,730BOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,730BOYAmt
EOY$0EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,730BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$705ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$4,025OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$87,716CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$119,168CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$190,085CurrentTaxYearMinus1YearAmt
Current Tax Year$207,658CurrentTaxYearAmt
Total$604,627TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$87,716CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$119,168CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$190,085CurrentTaxYearMinus1YearAmt
Current Tax Year$207,658CurrentTaxYearAmt
Total$604,627TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$604,627PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$101,946CurrentTaxYearAmt
Total$101,946TotalAmt
FieldValueIRS element (for citing)
Total Support$706,573TotalSupportAmt
Public Support CY1700.85570PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1FISHING TOURNAMEvent1Nm
Gross Receipts Event1$169,604GrossReceiptsEvent1Amt
Charitable Contri Event1$67,658CharitableContriEvent1Amt
Gross Revenue Event1$101,946GrossRevenueEvent1Amt
Cash Prizes Event1$55,540CashPrizesEvent1Amt
Rent Facility Costs Event1$7,514RentFacilityCostsEvent1Amt
Food And Beverage Event1$1,697FoodAndBeverageEvent1Amt
Entertainment Event1$2,400EntertainmentEvent1Amt
Other Direct Expenses Event1$7,551OtherDirectExpensesEvent1Amt
Gross Receipts Total$169,604GrossReceiptsTotalAmt
Charitable Contributions Tot$67,658CharitableContributionsTotAmt
Gross Revenue Total Events$101,946GrossRevenueTotalEventsAmt
Cash Prizes Total Events$55,540CashPrizesTotalEventsAmt
Rent Fclty Costs Total Events$7,514RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$1,697FoodAndBeverageTotalEventsAmt
Entertainment Total Events$2,400EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$7,551OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$74,702DirectExpenseSummaryEventsAmt
Net Income Summary$27,244NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1MUSC CHILDREN'S HOSPITAL FUNDBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line118 BEE STREET MSC 450AddressLine1Txt
CityCHARLESTONCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29425ZIPCd
FieldValueIRS element (for citing)
Recipient EIN576028985RecipientEIN
Cash Grant$230,000CashGrantAmt

Schedule N IRS990ScheduleN

Liquidation Of Assets Table LiquidationOfAssetsTableGrp

Liquidation Of Assets Detail LiquidationOfAssetsDetail

FieldValueIRS element (for citing)
Assets Distri Or Expnss PaidTRANSFER OF CASHAssetsDistriOrExpnssPaidDesc
Distribution2024-05-17DistributionDt
Fair Market Value Of Asset$4,025FairMarketValueOfAssetAmt
EIN993079916EIN
PersonHOOKED ON MIRACLES - KMTPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12888 RIVER VISTA WAYAddressLine1Txt
CityMOUNT PLEASANTCityNm
State AbbreviationSCStateAbbreviationCd
ZIP29466ZIPCd
FieldValueIRS element (for citing)
Director Of SuccessorfalseDirectorOfSuccessorInd
Employee Of SuccessorfalseEmployeeOfSuccessorInd
Owner Of SuccessorfalseOwnerOfSuccessorInd
Receive CompensationfalseReceiveCompensationInd
Assets DistributedYes (true)AssetsDistributedInd
Required To Notify AGfalseRequiredToNotifyAGInd
Liabilities PaidfalseLiabilitiesPaidInd
Bonds OutstandingfalseBondsOutstandingInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 2ALAN RICHEY KELLY RICHEY OFFICER BOARD MEMBER SPOUSE BRITT TOOLEY TERRI TOOLEY BOARD MEMBER BOARD MEMBER SPOUSE
FORM 990, PAGE 6, PART VI, LINE 11BDRAFT COPY OF THE RETURN IS SENT TO THE OFFICERS FOR APPROVAL PRIOR TO FILING.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC
FORM 990, PART XI, LINE 9CONTRIBUTION TO HOOKED ON MIRACLES -4,025