Greenhouse Scholars is located in Boulder, CO. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2023, Greenhouse Scholars employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenhouse Scholars 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, Greenhouse Scholars generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 11.6% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A COMMUNITY OF LEADERS WHO WILL EVOLVE THE COMMUNITIES OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WHOLE PERSON COLLEGE PROGRAM: THE ORGANIZATION'S WHOLE PERSON COLLEGE PROGRAM SERVES SCHOLARS FOR FIVE YEARS DURING AND IMMEDIATELY AFTER COLLEGE. THIS IMMERSIVE PROGRAM PROVIDES HIGH-PERFORMING STUDENTS FROM LOW-INCOME BACKGROUNDS WITH SUCCESS RESOURCES THAT ENABLE THEM TO LIVE LIVES OF THEIR CHOOSING AND ENACT LONG-TERM, POSITIVE CHANGE IN UNDER- RESOURCED COMMUNITIES.
MENTORSHIP. ESTABLISHED PROFESSIONALS AND INDUSTRY LEADERS ARE PAIRED WITH SCHOLARS, CONNECTING WITH THEM FOR AT LEAST TWO HOURS EVERY MONTH TO LEND INSIGHT ON PERSONAL AND PROFESSIONAL DEVELOPMENT AND CONNECT THE SCHOLARS WITH BROADER PROFESSIONAL OPPORTUNITIES. PROFESSIONAL NETWORKING. PROFESSIONALS FROM THE ORGANIZATION'S COMMUNITY ENGAGE IN ONE-TIME CONVERSATIONS WITH SCHOLARS REGARDING PROFESSIONAL OPPORTUNITIES AND ADVICE. INTERNSHIPS. THE ORGANIZATION HELPS SCHOLARS SECURE AND MAXIMIZE HIGH-VALUE INTERNSHIP OPPORTUNITIES THROUGH CONNECTIONS AND COACHING. SKILLS MODULES. SCHOLARS ARE GRANTED ACCESS TO AN ONLINE CURRICULUM TEACHING CRITICAL LIFE AND FINANCIAL SKILLS NOT COVERED IN COURSES. NEW MODULES ARE CREATED AND UPLOADED BY THE ORGANIZATION. SUMMER SYMPOSIUM. A FOUR-DAY LEADERSHIP TRAINING SEMINAR IN BOULDER, CO WHERE THE ORGANIZATION BRINGS IN ALL SCHOLARS TO MEET WITH ONE ANOTHER, HEAR FROM AND CONNECT WITH INSPIRING INDUSTRY LEADERS, AND LEARN NEW TOOLS TO NAVIGATE THEIR PERSONAL AND PROFESSIONAL DEVELOPMENT. FINANCIAL SUPPORT. THERE ARE TWO AVENUES FOR SCHOLARS TO RECEIVE FINANCIAL SUPPORT: 1) FLEX FUNDING: SCHOLARS SUBMIT PROPOSALS TO PURSUE GRANTS THEY CAN PUT TOWARDS PROPOSED PROJECTS (E.G., A VOLUNTEER SERVICE PROGRAM), OR NECESSITIES THAT WILL HELP THEM SUCCEED IN COLLEGE AND BEYOND (E.G., LAPTOPS, GRADUATE SCHOOL TEST PREPARATION, FUNDING TO HELP COVER A HIGH- VALUE, UNPAID INTERNSHIP). FLEX FUNDING GRANTS ARE MADE IN AMOUNTS UP TO 2,000 PER PROJECT AND ARE REVIEWED ON A COMPETITIVE BASIS. 2) TUITION SCHOLARSHIP: SCHOLARSHIP AWARDS RANGE UP TO 5,000 PER ACADEMIC YEAR, BASED ON A SCHOLARS FEDERAL APPLICATION FOR STUDENT AID (FAFSA), FINANCIAL AID AWARD PACKAGE, OUTSIDE SCHOLARSHIPS, AND UNIVERSITY COST OF ATTENDANCE. STRATEGIC IMPACT PLANS. PROJECTS SCHOLARS DEVELOP AND EXECUTE IN CONJUNCTION WITH THE ORGANIZATION TO POSITIVELY IMPACT COMMUNITIES IN NEED. IMPACT CONSISTS OF 3 DIFFERENT APPROACHES: 1) INDIVIDUAL IMPACT PLANS, 2) COMMUNITY IMPACT INITIATIVES, AND 3) PRESENTATIONS AT LOW-INCOME MIDDLE AND HIGH SCHOOLS. HIGH SCHOOL OUTREACH. THE ORGANIZATION CULTIVATES RELATIONSHIPS WITH COUNSELORS AND ADMINISTRATORS IN LOW-INCOME HIGH SCHOOLS AND WITH NONPROFIT ORGANIZATIONS SERVING UNDER-RESOURCED STUDENTS. THROUGH IN-PERSON VISITS, MAILINGS, AND POSTINGS ON ONLINE DATABASES, THE ORGANIZATION INFORMS STUDENTS ABOUT GREENHOUSE SCHOLARS AND ABOUT COLLEGE AND SCHOLARSHIPS MORE BROADLY. STUDENTS INTERESTED IN BECOMING SCHOLARS SUBMIT APPLICATIONS, VIDEOS, AND FINANCIAL INFORMATION, AND COMPLETE PANEL INTERVIEWS AS PART OF THE NEW SCHOLAR SELECTION PROCESS. LEARNING. PROVIDES PERSONAL AND PROFESSIONAL SUPPORT RESOURCES TO YOUNG LEADERS. SUCH RESOURCES INCLUDE ADVISORS-IN-RESIDENCE (GROUPS OF EXPERTS WHO SHARE THEIR KNOWLEDGE AND CONNECT WITH YOUNG LEADERS THROUGH INTERACTIVE SESSION FOUR TIMES A YEAR); COACHES (ESTABLISHED PROFESSIONALS THAT PROVIDE INDIVIDUALIZED, 1:1 SUPPORT TO YOUNG LEADERS); AND A VIDEO LIBRARY (CURATED CONTENT WITH INFORMATION AND TOOLS RELEVANT TO YOUNG LEADERS' PERSONAL AND PROFESSIONAL DEVELOPMENT). RELATIONSHIPS. FOSTERS RELATIONSHIPS OF IMPACT FOR OUR YOUNG LEADERS, THROUGH RESOURCES SUCH AS PEOPLEGROVE (AN ONLINE PLATFORM FOR OUR CONSTITUENTS TO INTERACT, CONNECT WITH ONE ANOTHER, AND POST AND FIND PROFESSIONAL OPPORTUNITIES); A JOBS PORTAL AND CAREER FAIR (CONNECT JOB- SEEKERS WITH PARTNER CORPORATIONS AND HIRING PROFESSIONALS); IGNITE WEEKEND (AN ANNUAL GATHERING WITH SPEAKERS, WORKSHOPS, AND DIRECTED RELATIONSHIP BUILDING); AND ALUMNI MEETUPS (INTIMATE GATHERINGS THAT FOSTER RELATIONSHIP-BUILDING AMONGST YOUNG LEADERS). ENTREPRENEURSHIP. CREATES AN ENTREPRENEURIAL MINDSET AMONGST YOUNG LEADERS AND HELPS IDENTITY AND LAUNCH HIGH-POTENTIAL IDEAS THROUGH RESOURCES SUCH AS IDEA CREATION & ENHANCEMENT SESSIONS (WORKSHOPS, PANELS, AND PITCH PREP TO CREATE, HONE, AND SHARPEN ENTREPRENEURIAL IDEAS); A RESOURCE LIBRARY (FEATURES BEST-IN-CLASS BUSINESS PLANS, FINANCIAL MODELS, AND INVESTOR PITCH DECKS, AS WELL AS INSURANCE, LEGAL, BANKING, AND HUMAN RESOURCES INFORMATION); AND FUNDING (DIRECT FINANCIAL SUPPORT FOR EARLY-STAGE ENTREPRENEURIAL IDEAS AND CONNECTIONS TO FUNDING FOR IDEAS AT DIFFERENT LIFE-STAGES).
YOUNG LEADERS PROGRAM: THE ORGANIZATION'S POST-COLLEGE YOUNG LEADERS PROGRAM PROVIDES COMPREHENSIVE SUPPORT TO GREENHOUSE ALUMNI IN THE EARLY STAGES OF THEIR CAREER AND POST-COLLEGE LIFE THROUGH LEARNING, RELATIONSHIPS, AND ENTREPRENEURSHIP.
SUSTAINING PROGRAM: THE ORGANIZATION'S SUSTAINING PROGRAM SUPPORTS OUR ALUMS AS THEY MOVE INTO THEIR 30S AND 40S. THE GREENHOUSE COMMUNITY WILL WORK TOGETHER TO IMPLEMENT IDEAS THAT DEEPEN AND BROADEN OUR IMPACT BY MAXIMIZING INDIVIDUAL POTENTIAL AND IDEA POTENTIAL ON AN ONGOING BASIS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andra Pool Crco | Officer | 50 | $172,133 |
Lauren Hudgins COO | Officer | 50 | $105,137 |
Peter M Burridge Pres. & CEO | OfficerTrustee | 35 | $75,000 |
Saul Huerta Cao | Officer | 40 | $65,833 |
Frank Beardsley Director | Trustee | 1 | $0 |
Michael Hora Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $380,029 |
Related organizations | $0 |
Government grants | $52,500 |
All other contributions, gifts, grants, and similar amounts not included above | $3,144,579 |
Noncash contributions included in lines 1a–1f | $52,359 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,577,108 |
Total Program Service Revenue | $0 |
Investment income | $43,744 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$426,737 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,201,082 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $521,254 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $418,103 |
Compensation of current officers, directors, key employees. | $71,109 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $921,171 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $117,379 |
Payroll taxes | $118,978 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $32,585 |
Advertising and promotion | $57,878 |
Office expenses | $71,254 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $191,849 |
Travel | $11,077 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $17,291 |
Insurance | $7,191 |
All other expenses | $28,583 |
Total functional expenses | $3,021,290 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $168,356 |
Savings and temporary cash investments | $1,178,973 |
Pledges and grants receivable | $250,659 |
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 | $44,200 |
Net Land, buildings, and equipment | $38,585 |
Investments—publicly traded securities | $1,662,868 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $252,562 |
Total assets | $3,596,203 |
Accounts payable and accrued expenses | $97,717 |
Grants payable | $0 |
Deferred revenue | $37,783 |
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 | $222,419 |
Total liabilities | $357,919 |
Net assets without donor restrictions | $2,100,562 |
Net assets with donor restrictions | $1,137,722 |
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 | $3,596,203 |