Greenheart International
- Assets
- $9.7m
- Revenue
- $16.5m
- Investments
- $2.4m
- Employees
- 113
- Location
- Chicago, IL
- Founding
- 03/1986
- Data as of
- 12/2022
- EIN
- 36-3417309
Organization Overview
Greenheart International is located in Chicago, IL. The organization was established in 1986. According to its NTEE Classification (Q22) the organization is classified as: International Academic Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Greenheart International employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenheart International 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, Greenheart International generated $16.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $12.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 8 years. 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
GREENHEART INTERNATIONAL CONNECTS PEOPLE AND PLANET TO CREATE GLOBAL LEADERS THROUGH PERSONAL DEVELOPMENT, VOLUNTEER SERVICE, ENVIRONMENTALISM, FAIR TRADE, AND CULTURAL EXCHANGE. WE ENVISION A WORLD IN WHICH COMMUNITIES COME TOGETHER AS AGENTS OF CHANGE TO CREATE A MORE PEACEFUL AND SUSTAINABLE FUTURE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMESTAYS, EDUCATIONAL, VOLUNTEERING, TEACHING AND ENVIRONMENTAL PROGRAMS FOR U.S. PARTICIPANTS ABROAD. HOMESTAYS AND EDUCATION FOR INTERNATIONAL STUDENTS IN THE UNITED STATES. INTERNSHIPS, TRAINEE, AND WORK PROGRAMS FOR INTERNATIONAL PARTICIPANTS IN THE UNITED STATES
WHOLESALE AND RETAIL, SUPPORTING FAIR TRADE BETWEEN THE UNITED STATES AND COUNTRIES WORLDWIDE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard E Zacaroli Board Chair | OfficerTrustee | 1 | $0 |
Jack Blanks Secretary | OfficerTrustee | 1 | $0 |
Roy Curran Treasurer | OfficerTrustee | 1 | $0 |
Katia Petersen Director | Trustee | 1 | $0 |
Ian Kelly Director | Trustee | 1 | $0 |
Amy Marie Gaston Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dragonspears Inc Company Database Development | 12/30/19 | $713,930 |
Harrisburg Realty Improvement Corp Recruitment Placement | 12/30/19 | $203,107 |
Xplore Asia Recruitment Placement | 12/30/19 | $164,128 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,652,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,652,375 |
| Total Program Service Revenue | $12,449,142 |
| Investment income | $60,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,635 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $342,897 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,548,655 |
| 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. | $444,928 |
| Compensation of current officers, directors, key employees. | $175,806 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,670,382 |
| Pension plan accruals and contributions | $170,859 |
| Other employee benefits | $550,093 |
| Payroll taxes | $425,851 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,341 |
| Fees for services: Accounting | $68,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $298,632 |
| Advertising and promotion | $168,145 |
| Office expenses | $137,101 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $621,180 |
| Travel | $377,613 |
| 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 | $68,124 |
| Insurance | $242,794 |
| All other expenses | $159,459 |
| Total functional expenses | $12,528,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,031,192 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $953,979 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $672,747 |
| Prepaid expenses and deferred charges | $70,293 |
| Net Land, buildings, and equipment | $893,699 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,386,522 |
| Investments—program-related | $0 |
| Intangible assets | $499,354 |
| Other assets | $2,227,660 |
| Total assets | $9,735,446 |
| Accounts payable and accrued expenses | $859,328 |
| Grants payable | $0 |
| Deferred revenue | $958,643 |
| 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 | $143,226 |
| Other liabilities | $442,913 |
| Total liabilities | $2,404,110 |
| Net assets without donor restrictions | $7,331,336 |
| Net assets with donor restrictions | $0 |
| 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 | $9,735,446 |
Grants Awarded
Over the last fiscal year, Greenheart International has awarded $24,710 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PACHAMAMA ALLIANCE PURPOSE: CONTRIBUTION | $24,710 |