Social Enterprise Greenhouse
- Assets
- $1.6m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Providence, RI
- Founding
- 05/2008
- Data as of
- 12/2020
- 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 12/2020, Social Enterprise Greenhouse employed 15 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 12/2020, Social Enterprise Greenhouse generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.8% each year . All expenses for the organization totaled $3.1m during the year ending 12/2020. While expenses have increased by 26.3% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEG CREATES POSITIVE SOCIAL AND ECONOMIC IMPACTS BY SUPPORTING SOCIAL ENTREPRENEURS AND ENTERPRISES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLUSTER / VENTURE DEVELOPMENT - THE CLUSTERS BRING SIMILAR SOCIAL ENTERPRISES TOGETHER FOR TRAINING AND DEVELOPMENT. PROGRAM SERVICE REVENUE DOES NOT INCLUDE GOVERNMENT GRANTS/CONTRIBUTIONS OF $921,756 WHICH ARE INCLUDED IN PART VIII-LINES 1 (E) AND 1 (F) BUT, HAVE BEEN APPLIED TOWARD THIS PROGRAM AS REVENUE FOR INTERNAL REPORTING.
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. PROGRAM SERVICE REVENUE DOES NOT INCLUDE GOVERNMENT GRANTS/CONTRIBUTIONS OF $42,113 WHICH ARE INCLUDED IN PART VIII-LINES 1(E) AND 1(F) BUT, HAVE BEEN APPLIED TOWARD THIS PROGRAM AS REVENUE FOR INTERNAL REPORTING.
REMOTE WORK - SEG TEAM CONNECTED ENTREPRENEURS WITH TECHNOLOGY KITS AND TECHNICAL ASSISTANCE, TO HELP THEM SUCCESSFULLY ADJUST TO WORKING REMOTELY TO HELP PREVENT THE SPREAD OF COVID-19. PROGRAM SERVICE REVENUE DOES NOT INCLUDE GOVERNMENT GRANTS/CONTRIBUTIONS OF $1,765,116 WHICH ARE INCLUDED IN PART VIII-LINES 1 (E) AND 1 (F) BUT, HAVE BEEN APPLIED TOWARD THIS PROGRAM AS REVENUE FOR INTERNAL REPORTING.
OTHER ACTIVITIES TO PROMOTE AND SCALE SOCIAL ENTERPRISES, INCLUDING A SOCIAL VENTURE INCUBATOR THAT PROVIDES SPACE, BUSINESS SERVICES, AND MONITORING TO HIGH POTENTIAL SOCIAL VENTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Ramirez CEO | Officer | 40 | $129,038 |
Matthew Ramirez COO | Officer | 40 | $90,639 |
Kenneth Barrette Chairman | OfficerTrustee | 5 | $0 |
Kim Anderson Vice Chair | OfficerTrustee | 5 | $0 |
Mary Jo Kaplan Vice Chair | OfficerTrustee | 5 | $0 |
Scot Jones Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,524,864 |
| All other contributions, gifts, grants, and similar amounts not included above | $646,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,171,544 |
| Total Program Service Revenue | $186,635 |
| Investment income | $2,604 |
| 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 | $3,360,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $708,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $101,770 |
| 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 | $246,425 |
| Advertising and promotion | $10,808 |
| Office expenses | $3,112 |
| Information technology | $3,767 |
| Royalties | $0 |
| Occupancy | $139,311 |
| Travel | $247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,612 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,292 |
| Insurance | $13,882 |
| All other expenses | $11,856 |
| Total functional expenses | $3,122,304 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $752,542 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $466,905 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $70,835 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,738 |
| Net Land, buildings, and equipment | $139,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,659 |
| Total assets | $1,568,368 |
| Accounts payable and accrued expenses | $424,133 |
| Grants payable | $0 |
| Deferred revenue | $8,043 |
| 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 | $264,900 |
| Total liabilities | $697,076 |
| Net assets without donor restrictions | $488,316 |
| Net assets with donor restrictions | $382,976 |
| 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 | $1,568,368 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Social Enterprise Greenhouse has recieved totaling $729,848.
| Awarding Organization | Amount |
|---|---|
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $382,564 |
Fidelity Foundation Boston, MA PURPOSE: TECHNOLOGY | $270,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: UNRESTRICTED USE; GENERAL SUPPORT; PROVIDING BUSINESS AND ENTREPRENEURIAL TRAINING TO WOMEN IN NEWPORT COUNTY; FUND DEVELOPMENT & COMMUNICATIONS PLANNING CONSULTING | $43,000 |
June Rockwell Levy Foundation Incorporated Providence, RI PURPOSE: BUILDING A SOCIAL ENTERPRISE ECOSYSTEM IN NORTHERN RI, GENERAL OPERATING | $10,000 |
Everhope Foundation Providence, RI PURPOSE: FOR PROGRAMS | $10,000 |
Olneyville Housing Corp Providence, RI PURPOSE: PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY | $9,279 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |
American Friends Of The Royal Foundation Of The Duke And Duchess Newtown, MA | $2,911,496 | $8,616,320 |
Mccourt Foundation Inc Braintree, MA | $29,762,470 | $6,917,849 |
The Red Sox Foundation Inc Boston, MA | $19,048,615 | $7,450,414 |
Hadhramout Foundation Inc Westport, CT | $10,990 | $4,795,440 |
National Charitable Endowment Inc Darien, CT | $102,215,379 | $63,553,523 |
Monks Of Norcia Foundation Norwalk, CT | $2,496,451 | $3,625,099 |
Rhode Island Public Radio Providence, RI | $4,627,128 | $4,312,940 |
Textron Charitable Trust 540 008 Providence, RI | $6,046,878 | $138,060 |