Greenco Industries INC

Tax-deductible

Monroe, WI501(c)(3)EmploymentEIN 39-1144785Revenue $3.1M in FY2024

On file with the IRSgreencoind.com1601 4th Ave W, 53566-2388 · Monroe, WITax-exempt since Feb 1976Publicly supported charity — 170(b)(1)(A)(vi)

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Foster independence and allow disabled adults to achieve and maintain their maximum potential as citizens working, functioning and living in the community by providing work services, day services and residential services.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 7 volunteers and 157 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $151K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$152K
to officers and key staff · 5% of spending
Top officer’s pay higher than 66% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $171K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$218K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
+2% vs prior year
Spent
$3.2M
To programs
95%
Net assets
$3.5M
By yearFY2020–FY2024
Revenue
$3.1M
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.0M
FY2021$2.9M
FY2022$3.7M
FY2023$3.0M
FY2024$3.1M
Expenses
$3.2M
FY2024▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$2.8M
FY2022$3.0M
FY2023$3.2M
FY2024$3.2M
Net assets
$3.5M
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$3.1M
FY2022$3.8M
FY2023$3.6M
FY2024$3.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $3.0M Management & general 5% · $153K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $152K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$152,045Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Randy Klein’s $152K as Chief Executive Officer is at the 66th percentile of top reported officer pay among 1245 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Randy Klein$152,045$142,069$131,657$125,512$117,823

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps disabled adults live independently through work, day, and residential services.

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Provided by the organization

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3 programs · $3.0M · in their own filed words · FY2024
01

Supporting Living Services

The organization maintains five licensed adult family homes and two supported living apartments. Supportive living allows adults to live in a supportive home setting with supervision on a daily basis.

$1.6Mprogram expense
02

Vocational Operations

Adult training programs designed to assist persons in acheiving and maintaning their maximum potential as citizens.

$1.1Mprogram expense
03

Workshop Operations

Training for developmentally disabled adults by having them perform simple piecework operations for outside businesses.

$226Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$171K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Gifts and grantsLn 1h$2.6M
Fees for servicesLn 2g$334K
Investment incomeLn 3$104K
Money outPt IX
$3.2M
Ln 25
Programscol B$3.0M
Managementcol C$153K
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$3.7M
LiabilitiesLn 26$218K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Government grantsLn 1e$2.6M
Fees for servicesLn 2g$334K
Investment incomeLn 3$104K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$91K
SavingsLn 2$2.3M
Cash and savings togetherLn 1–2$2.4M
Land, buildings, equipmentLn 10c$992K
Other assetsLn 15$12K
Total assetsLn 16$3.7M
LiabilitiesLn 26$218K
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 5157
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.4M$2.4M
Land, buildings, equipmentLn 10c$1.1M$992K
Total assetsLn 16$3.8M$3.7M
LiabilitiesLn 26$229K$218K
Net assetsLn 32$3.6M$3.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$180K$140K$40K
Other salaries and wagesLn 7$1.9M$1.9M$69K
Other employee benefitsLn 9$242K$235K$7K
Payroll taxesLn 10$161K$153K$8K
Accounting feesLn 11c$59K$57K$3K
Investment management feesLn 11f$10$10
Advertising and promotionLn 12$180$171$9
Office expensesLn 13$16K$15K$786
Information technologyLn 14$11K$10K$529
OccupancyLn 16$125K$119K$6K
TravelLn 17$28K$26K$1K
Conferences, conventions and meetingsLn 19$634$603$31
Depreciation, depletion and amortizationLn 22$148K$141K$7K
InsuranceLn 23$73K$69K$4K
Other expenses (24a–d)Ln 24$138K$131K$7K
All other expensesLn 24e$23K$22K$1K
Total functional expensesLn 25$3.2M$3.0M$153K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.1M$3.2M−$98K$3.5M 990 PDF
FY2023 $3.0M$3.2M−$194K$3.6M 990 PDF
FY2022 $3.7M$3.0M$634K$3.8M 990 PDF
FY2021 $2.9M$2.8M$43K$3.1M 990 PDF
FY2020 $3.0M$2.6M$369K$3.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,052,547 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,476,287$2,614,642
I-9 Program service revenuePrior year $449,954$333,719
I-10 Investment incomePrior year $63,386$104,186
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,989,627$3,052,547
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,580,045$2,529,153
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $603,494$621,486
I-18 Total expensesPrior year $3,183,539$3,150,639
I-19 Revenue less expensesPrior year −$193,912−$98,092
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,052,547 across 6 lines filed
VIII-1e Government grants$2,614,552
VIII-1f All other contributions, gifts and grants$90
VIII-1h Total contributions, gifts and grants$2,614,642
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $333,719$333,719
VIII-3 Investment incomeExcluded from tax $104,186$104,186
VIII-12 Total revenueRelated to mission $333,719 · Unrelated business $0 · Excluded from tax $104,186$3,052,547
Part IX · Statement of functional expenses $3,150,639 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $140,297 · Management $39,571$179,868
IX-7 Other salaries and wagesPrograms $1,878,074 · Management $68,515$1,946,589
IX-9 Other employee benefitsPrograms $234,878 · Management $7,272$242,150
IX-10 Payroll taxesPrograms $153,016 · Management $7,530$160,546
IX-11c Accounting feesPrograms $56,604 · Management $2,891$59,495
IX-11f Investment management feesPrograms $10$10
IX-12 Advertising and promotionPrograms $171 · Management $9$180
IX-13 Office expensesPrograms $15,390 · Management $786$16,176
IX-14 Information technologyPrograms $10,346 · Management $529$10,875
IX-16 OccupancyPrograms $119,351 · Management $6,097$125,448
IX-17 TravelPrograms $26,324 · Management $1,345$27,669
IX-19 Conferences, conventions and meetingsPrograms $603 · Management $31$634
IX-22 Depreciation, depletion and amortizationPrograms $141,064 · Management $7,206$148,270
IX-23 InsurancePrograms $69,000 · Management $3,525$72,525
IX-24 Other expenses (24a–d)Programs $130,877 · Management $6,686$137,563
IX-24e All other expensesPrograms $21,541 · Management $1,100$22,641
IX-25 Total functional expensesPrograms $2,997,546 · Management $153,093 · Fundraising $0$3,150,639
Part X · Balance sheet $3,706,920 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $96,560$91,215
X-2 Savings and temporary cash investmentsStart of year $2,310,349$2,347,461
X-4 Accounts receivableStart of year $297,774$264,481
X-10c Land, buildings and equipment, netStart of year $1,103,070$992,066
X-15 Other assetsStart of year $8,657$11,697
X-16 Total assetsStart of year $3,816,410$3,706,920
X-17 Accounts payable and accrued expensesStart of year $140,035$132,552
X-19 Deferred revenue$6,724
X-25 Other liabilitiesStart of year $89,342$78,703
X-26 Total liabilitiesStart of year $229,377$217,979
X-27 Net assets without donor restrictionsStart of year $3,520,253$3,445,576
X-28 Net assets with donor restrictionsStart of year $66,780$43,365
X-32 Total net assets or fund balancesStart of year $3,587,033$3,488,941
X-33 Total liabilities and net assetsStart of year $3,816,410$3,706,920
Part XI · Reconciliation of net assets $3,488,941 net assets at year end
XI-1 Total revenue$3,052,547
XI-2 Total expenses$3,150,639
XI-3 Revenue less expenses−$98,092
XI-4 Net assets at start of year$3,587,033
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,488,941

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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