Social Enterprise Greenhouse
- Assets
- $1.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 28
- Location
- Providence, RI
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 26-0163730
Organization Overview
Social Enterprise Greenhouse is located in Providence, RI. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Social Enterprise Greenhouse employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Social Enterprise Greenhouse 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 12/2022, Social Enterprise Greenhouse generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. While expenses have increased by 13.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SOCIAL ENTERPRISE GREENHOUSE (SEG) MISSION IS TO ACCELERATE IMPACT BY PROVIDING INCLUSIVE SUPPORT AND NETWORKS FOR ENTREPRENEURS AND BUSINESSES COMMITTED TO POSITIVE SOCIETAL AND ECONOMIC CHANGE. SEG FOSTERS AN ECOSYSTEM OF DIVERSE STAKEHOLDERS WHO WORK TO ENABLE A MORE JUST, EQUITABLE, AND RESILIENT ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VENTURE DEVELOPMENT - SEG'S DELIVERS VENTURE DEVELOPMENT THROUGH A COMPREHENSIVE MENU OF PROGRAMS AND SERVICES DESIGNED TO MEET ENTREPRENEURS AND SMALL BUSINESSES WHERE THEY ARE IN TERMS OF LIFECYCLE AND GEOGRAPHIC LOCATION. ADDITIONALLY, SEG TAILORS ITS PROGRAMMING TO BE CULTURALLY AND LINGUISTICALLY RESPONSIVE. SEG'S SIGNATURE PROGRAMS INCLUDE AN IDEATOR, INCUBATOR, INCUBADORA AND ACCELERATOR, WHICH WORK AS A PIPELINE FOR ENTREPRENEURS TO EXPLORE AN IDEA, BUILD A BUSINESS, AND GROW THEIR VENTURES. THESE PROGRAMS ARE COUPLED WITH ADDITIONAL SERVICES SUCH AS ADVISING FROM EXPERT VOLUNTEERS, PEER SUPPORT FORUMS, PROGRAMS LIKE THE NONPROFIT INNOVATION LAB AND MORE.IN 2022 SEG SERVED OVER 400 ENTREPRENEURS AND VENTURES IN BOTH ENGLISH AND SPANISH ACROSS SEG'S PROGRAMS AND SERVICES. SEG PROMOTES ENTREPRENEURS WHO HAVE BEEN HISTORICALLY EXCLUDED. IN 2022 OVER 75 PERCENT OF SEG VENTURES WERE WOMENOWNED AND OVER 50% WERE BIPOCOWNED. SEG'S PORTFOLIO OF VENTURES ARE FIRMLY ROOTED IN SOCIAL IMPACT AND SPAN A VARIETY OF INDUSTRIES, INCLUDING HEALTH AND WELLNESS, FOOD AND AGRICULTURE, AND ENVIRONMENT.
SEG HUB - THIS PROGRAM IS A CO-WORKING SPACE FOR SOCIAL ENTREPRENEURS. THE SEG HUB IS RHODE ISLAND'S FIRST COMMUNITY AND CO-WORKING SPACE WHERE SOCIAL ENTREPRENEURS, MENTORS, AND BUSINESS PROFESSIONALS COME TOGETHER TO LEARN, WORK, NETWORK, AND SHARE IDEAS.
OTHER ACTIVITIES THAT PROMOTE AND SCALE SOCIAL ENTERPRISES, INCLUDING A LOAN FUND TO SUPPORT HIGH POTENTIAL SOCIAL VENTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scot Jones Director | Trustee | 5 | $0 |
Kim Anderson Director | Trustee | 5 | $0 |
Kathryn Bendheim Co-Chair | OfficerTrustee | 5 | $0 |
Ben Anderson Director | Trustee | 5 | $0 |
Mary Jo Kaplan Co-Chair | OfficerTrustee | 5 | $0 |
Rebeka Mazzone Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $986,880 |
| All other contributions, gifts, grants, and similar amounts not included above | $794,394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,781,274 |
| Total Program Service Revenue | $177,837 |
| Investment income | $4,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,982,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $489,937 |
| Grants and other assistance to domestic individuals. | $60,696 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,022,238 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,185 |
| Payroll taxes | $97,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,946 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $310,373 |
| Advertising and promotion | $23,163 |
| Office expenses | $76,139 |
| Information technology | $25,345 |
| Royalties | $0 |
| Occupancy | $110,992 |
| Travel | $1,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,315 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,933 |
| Insurance | $12,200 |
| All other expenses | $0 |
| Total functional expenses | $2,401,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $963,782 |
| Savings and temporary cash investments | $173,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $354,882 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $146,917 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,587 |
| Net Land, buildings, and equipment | $107,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,720 |
| Total assets | $1,756,260 |
| Accounts payable and accrued expenses | $106,843 |
| Grants payable | $0 |
| Deferred revenue | $653,299 |
| 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 | $187,500 |
| Total liabilities | $947,642 |
| Net assets without donor restrictions | $636,967 |
| Net assets with donor restrictions | $171,651 |
| 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 | $1,756,260 |
Grants Awarded
Over the last fiscal year, Social Enterprise Greenhouse has awarded $374,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
HOPE AND MAIN PURPOSE: SUPPORT | $50,000 |
BREAK THROUGH WAVES PURPOSE: SUPPORT | $9,500 |
RHODE ISLAND BLACK BUSINESS ASSOCIATION PURPOSE: SUPPORT | $50,000 |
CENTER FOR SOUTHEAST ASIANS PURPOSE: SUPPORT | $50,000 |
MULTICULTURAL INNOVATION CENTER PURPOSE: SUPPORT | $50,000 |
RI HISPANIC CHAMBER OF COMMERCE PURPOSE: SUPPORT | $50,000 |