Greenlight Fund Inc is located in Boston, MA. The organization was established in 2004. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Greenlight Fund Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenlight Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Greenlight Fund Inc generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $12.5m during the year ending 12/2023. While expenses have increased by 15.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Greenlight Fund Inc has awarded 161 individual grants totaling $25,080,860. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE GREENLIGHT FUND TRANSFORMS THE LIVES OF CHILDREN AND FAMILIES IN HIGH-POVERTY URBAN AREAS BY CREATING INFRASTRUCTURE AND A CONSISTENT ANNUAL PROCESS IN CITIES TO IDENTIFY CRITICAL NEEDS, IMPORT INNOVATIVE ENTREPRENEURIAL PROGRAMS THAT CAN HAVE A SIGNIFICANT AND MEASURABLE IMPACT, AND GALVANIZE LOCAL AND NATIONAL SUPPORT TO HELP PROGRAMS REACH AND SUSTAIN IMPACT IN THE NEW CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MEET ITS MISSION IN THE TWELVE CITIES WHERE IT OPERATES, THE GREENLIGHT FUND DOES THE FOLLOWING:- RUNS AN ANNUAL PROCESS TO IDENTIFY CRITICAL COMMUNITY NEEDS; SEARCHES THE COUNTRY TO FIND INNOVATIVE, RESULTS-ORIENTED NONPROFIT APPROACHES TO MEETING NEEDS; CONDUCTS RIGOROUS DILIGENCE ON THESE NONPROFITS TO UNDERSTAND THEIR OUTCOMES, REVENUE MODEL, REPLICABILITY, AND POTENTIAL FIT ON THE LOCAL LANDSCAPE; AND SELECTS ONE ORGANIZATION TO IMPORT INTO THE CITY THAT SHOWS THE GREATEST PROMISE OF MAKING A SIGNIFICANT, MEASURABLE IMPACT AS COST EFFECTIVELY AS POSSIBLE.- SUPPORTS ORGANIZATIONS IT SELECTS WITH FINANCIAL AND NON-FINANCIAL ASSISTANCE. GREENLIGHT TYPICALLY PROVIDES AROUND $600,000 OVER AN ORGANIZATION'S FIRST FOUR YEARS IN THE NEW CITY, HELPS ATTRACT TALENTED LEADERSHIP TO THEIR LOCAL STAFF AND BOARDS, TAKES A SEAT ON THEIR LOCAL BOARDS, FACILITATES PARTNERSHIPS AND ADDITIONAL RESOURCES, AND SUPPORTS AND MONITORS PROGRESS TO BECOME SUSTAINABLE IN THE NEW LOCATION.- LAUNCHES ORGANIZATIONS IN THE COMMUNITY BY SHOWCASING THEM AT EVENTS WHERE THEY CAN BUILD AWARENESS AND RECRUIT NEW SUPPORTERS.SINCE ITS FOUNDING IN BOSTON IN 2004, THE GREENLIGHT FUND HAS IMPORTED FIFTEEN ORGANIZATIONS INTO BOSTON: FRIENDS OF THE CHILDREN-BOSTON, RAISING A READER-MASSACHUSETTS, PEER HEALTH EXCHANGE, YOUTH VILLAGES' LIFESET PROGRAM, UPTOGETHER, SINGLE STOP USA, THE NEW TEACHER CENTER, COLLEGE ADVISING CORPS, BLUEPRINT SCHOOLS NETWORK, CAREMESSAGE, YOUTH GUIDANCE: BECOMING A MAN, PER SCHOLAS, YOUTH GUIDANCE: WORKING ON WOMANHOOD, CHILD FIRST, AND THE FOUNTAIN FUND.SINCE 2012 WHEN IT WAS ESTABLISHED IN PHILADELPHIA, GREENLIGHT PHILADELPHIA HAS IMPORTED SINGLE STOP USA, YEAR UP, CENTER FOR EMPLOYMENT OPPORTUNITIES, PARENTCHILD+, COMPASS WORKING CAPITAL, HOPEWORKS, AND THE FOUNTAIN FUND INTO THE CITY.SINCE 2012 WHEN IT WAS FOUNDED IN THE SAN FRANCISCO BAY AREA, GREENLIGHT BAY AREA HAS IMPORTED GENESYS WORKS, UASPIRE, SPRINGBOARD COLLABORATIVE, BLUEPRINT MATH FELLOWS, PARENTCHILD+, EVERYONE ON, AND FOOD CONNECT INTO THE BAY AREA. SINCE 2015 WHEN IT WAS FOUNDED IN CINCINNATI, GREENLIGHT CINCINNATI HAS IMPORTED CENTER FOR EMPLOYMENT OPPORTUNITIES, UPTOGETHER, FIRST PLACE FOR YOUTH, THE LITERACY LAB'S LEADING MEN FELLOWSHIP, AND HOMESTART RENEW COLLABORATIVE INTO THE CITY. SINCE 2016 WHEN IT WAS FOUNDED IN DETROIT, GREENLIGHT DETROIT HAS IMPORTED CENTER FOR EMPLOYMENT OPPORTUNITIES, NEW TEACHER CENTER, AND SPRINGBOARD COLLABORATIVE INTO THE CITY.SINCE 2017 WHEN IT WAS FOUNDED IN CHARLOTTE, GREENLIGHT CHARLOTTE HAS IMPORTED PARENTCHILD+, CENTER FOR EMPLOYMENT OPPORTUNITIES, ALTERNATIVES TO VIOLENCE, AND INNER EXPLORER INTO THE CITY. SINCE 2018, WHEN IT WAS FOUNDED IN KANSAS CITY, GREENLIGHT KANSAS CITY HAS IMPORTED YOUTH GUIDANCE: BECOMING A MAN, YOUTH GUIDANCE: WORKING ON WOMANHOOD, ALL OUR KIN, FOOD CONNECT, AND MRELIEF INTO THE CITY. SINCE 2019 WHEN IT WAS FOUNDED IN ATLANTA, GREENLIGHT ATLANTA HAS IMPORTED CENTER FOR EMPLOYMENT OPPORTUNITIES, THE LITERACY LAB'S LEADING MEN FELLOWSHIP, INNER EXPLORER, AND CAPITAL GOOD FUND INTO THE CITY.SINCE 2020 WHEN IT WAS FOUNDED IN THE TWIN CITIES, GREENLIGHT TWIN CITIES HAS IMPORTED LET EVERYONE ADVANCE WITH DIGNITY AND IRTH INTO THE CITY.SINCE 2021 WHEN IT WAS FOUNDED IN BALTIMORE, GREENLIGHT BALTIMORE HAS IMPORTED POINT SOURCE YOUTH.SINCE 2022 WHEN IT WAS FOUNDED IN GREATER NEWARK, GREENLIGHT GREATER NEWARK HAS IMPORTED EMS CORPS.IN 2023, GREENLIGHT FUND LAUNCHED ITS TWELFTH SITE, CHICAGO, AND BEGAN ITS FIRST SELECTION PROCESS IN 2023.ACROSS GREENLIGHT FUND'S TWELVE LOCATIONS, IN 2023 GREENLIGHT-SUPPORTED ORGANIZATIONS REACHED 387,981 CHILDREN, YOUTH AND FAMILIES WITH THEIR INNOVATIVE PROGRAMS THAT ARE ACHIEVING MEASURABLE RESULTS IN THEIR EFFORTS TO TRANSFORM LIVES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Margaret Hall Clerk, CEO | OfficerTrustee | 40 | $217,171 |
John Simon Chairperson | OfficerTrustee | 5 | $0 |
Tim Palmer Treasurer | OfficerTrustee | 1 | $0 |
Paul Carttar Board Member | Trustee | 1 | $0 |
Anne Lovett Board Member | Trustee | 1 | $0 |
Kerry Sullivan Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $632,304 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $13,711,262 |
Noncash contributions included in lines 1a–1f | $3,114,168 |
Total Revenue from Contributions, Gifts, Grants & Similar | $14,343,566 |
Total Program Service Revenue | $0 |
Investment income | $1,193,098 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$248,858 |
Net Income from Fundraising Events | -$382,370 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $14,905,436 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,905,251 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $403,871 |
Compensation of current officers, directors, key employees. | $138,843 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,847,067 |
Pension plan accruals and contributions | $143,373 |
Other employee benefits | $533,207 |
Payroll taxes | $403,859 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $44,406 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $45,728 |
Fees for services: Other | $479,987 |
Advertising and promotion | $0 |
Office expenses | $122,062 |
Information technology | $220,816 |
Royalties | $0 |
Occupancy | $134,334 |
Travel | $582,356 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $64,934 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $31,801 |
All other expenses | $19,213 |
Total functional expenses | $12,511,459 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $7,261,496 |
Savings and temporary cash investments | $4,385,732 |
Pledges and grants receivable | $8,568,215 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $171,060 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $35,739,245 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $75,270 |
Total assets | $56,201,018 |
Accounts payable and accrued expenses | $475,346 |
Grants payable | $0 |
Deferred revenue | $100,000 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $575,346 |
Net assets without donor restrictions | $14,759,485 |
Net assets with donor restrictions | $40,866,187 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $56,201,018 |
Over the last fiscal year, Greenlight Fund Inc has awarded $3,905,251 in support to 31 organizations.
Grant Recipient | Amount |
---|---|
BAM - YOUTH GUIDANCE PURPOSE: GENERAL SUPPORT | $305,000 |
ALL OUR KIN INC PURPOSE: GENERAL SUPPORT | $173,750 |
CONNECT TO COMPETE INC PURPOSE: GENERAL SUPPORT | $175,000 |
BUILD COMMONWEALTH INC PURPOSE: GENERAL SUPPORT | $10,000 |
CENTER FOR EMPLOYMENT OPPORTUNITIES PURPOSE: GENERAL SUPPORT | $242,500 |
CITY OF CHARLOTTE (CURE VIOLENCE GLOBAL) PURPOSE: GENERAL SUPPORT | $300,000 |