Greentown Collaborative Inc
- Assets
- $5.7m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 57
- Location
- Somerville, MA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3807217
Organization Overview
Greentown Collaborative Inc is located in Somerville, MA. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2022, Greentown Collaborative Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greentown Collaborative 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 12/2022, Greentown Collaborative Inc generated $7.6m in total revenue. All expenses for the organization totaled $4.0m during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE IDENTIFICATION AND DEVELOPMENT OF ENTREPRENEURS AND ENTREPRENEURIAL EFFORTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SYSTEMATIC, INFRASTRUCTURAL AND EQUITABLE CHANGES TO OUR ECONOMY TO MITIGATE, ADAPT & INCREASE RESILIENCE TO THE EFFECTS OF CLIMATE CHANGE THROUGH AN ENTREPRENEURIAL TRANSFORMATION WITHIN ALL SECTORS OF OUR ECONOMY; TO SUPPORT AND PROMOTE THE IDENTIFICATION AND DEVELOPMENT OF ENTREPRENEURS AND ENTREPRENEURIAL EFFORTS WHICH ARE ENGAGED IN THE DEVELOPMENT OF CLIMATE TECHNOLOGY; TO EDUCATE AND INSTRUCT THE GENERAL PUBLIC ABOUT THE EFFECTS OF CLIMATE CHANGE AND PRACTICAL CLIMATE TECHNOLOGY AND CLEAN TECHNOLOGY SOLUTIONS AND TO ADVANCE SCIENTIFIC RESEARCH DIRECTED TOWARD BENEFITING THE PUBLIC FOR THE PURPOSE OF AIDING THE SURROUNDING COMMUNITY AND GEOGRAPHICAL AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Reichert - President (full Year)/director (thru 7/26/22) | OfficerTrustee | 40 | $203,123 |
Ryan Dings-Clerktreasurer (full Year/director (thru 7/26/22) | OfficerTrustee | 40 | $0 |
Suzanne Oakley Director (thru 2/7/22) | Trustee | 11 | $32,175 |
Matthew Nordan Director (as Of 7/26/22) | Trustee | 1 | $0 |
Kathleen Theoharides Director (as Of 10/13/22) | Trustee | 1 | $0 |
Katherine Hamilton Director (as Of 7/26/22) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,069,600 |
| Government grants | $870,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,691,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,631,380 |
| Total Program Service Revenue | $13,390 |
| Investment income | $0 |
| 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 | $7,644,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $212,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $125,000 |
| 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 | $2,604,006 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $232,741 |
| Payroll taxes | $186,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $185,013 |
| Fees for services: Accounting | $22,156 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $152,115 |
| Advertising and promotion | $1,800 |
| Office expenses | $1,854 |
| Information technology | $28,437 |
| Royalties | $0 |
| Occupancy | $15,768 |
| Travel | $53,122 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,753 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,859 |
| Insurance | $4,121 |
| All other expenses | $0 |
| Total functional expenses | $3,950,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,411,086 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,288,179 |
| 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 | $38,272 |
| Net Land, buildings, and equipment | $455,947 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,512,441 |
| Total assets | $5,705,925 |
| Accounts payable and accrued expenses | $885,983 |
| Grants payable | $0 |
| Deferred revenue | $13,550 |
| 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 | $1,355 |
| Total liabilities | $900,888 |
| Net assets without donor restrictions | $3,957,876 |
| Net assets with donor restrictions | $847,161 |
| 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 | $5,705,925 |
Grants Awarded
Over the last fiscal year, Greentown Collaborative Inc has awarded $212,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
HEARTLAND CORPORATE HOLDINGS LLC PURPOSE: PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM | $25,000 |
MITO MATERIAL SOLUTIONS INC PURPOSE: PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM | $25,000 |
ENDEAVOR COMPOSITES PURPOSE: PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM | $25,000 |
SENSAI ANALYTICS PURPOSE: PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM | $25,000 |
RENEW CO PURPOSE: PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM | $25,000 |
NEW YORK UNIVERSITY URBAN FUTURE LAB PURPOSE: PROGRAM SUPPORT | $87,500 |