Greentown Org INC

Tax-deductible

Somerville, MA501(c)(3)EnvironmentEIN 45-4788246Revenue $1.6M in FY2024

On file with the IRSforgemass.org444 Somerville Ave, 02143-3260 · Somerville, MATax-exempt since May 2016Publicly supported charity — 170(b)(1)(A)(vi)

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To help innovators and startups on the journey from physical prototype through to commercialization and impact at scale.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
Run by 10 volunteers and 11 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
2 of 5
filings with a surplus
Average deficit $25K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$532K
to officers and key staff · 31% of spending
Top officer’s pay higher than 77% of similar orgs
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$391K
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+0.4% vs prior year
Spent
$1.7M
To programs
76%
Net assets
$184K
By yearFY2020–FY2024
Revenue
$1.6M
FY2024+0.4%
Tap a bar for its year
Revenue by fiscal year
FY2020$312K
FY2021$920K
FY2022$939K
FY2023$1.6M
FY2024$1.6M
Expenses
$1.7M
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$474K
FY2021$590K
FY2022$1.2M
FY2023$1.6M
FY2024$1.7M
Net assets
$184K
FY2024▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2020$217K
FY2021$547K
FY2022$295K
FY2023$281K
FY2024$184K

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2016.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $1.3M Management & general 16% · $274K Fundraising 9% · $148K

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

12 people listed on the 990; $532K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Executive Director
$179,299Pt VII · Sec A
Vice President
$155,209Pt VII · Sec A
Director of Partnerships
$104,241Pt VII · Sec A
Clerk/Chief of Staff
$93,345Pt VII · Sec A
Director
$0Pt VII · Sec A
(elected 2/29/24/Director (all Year)
$0Pt VII · Sec A
2/29/24)/Director (all Year)
$0Pt VII · Sec A
Director (thru 5/24/24)
$0Pt VII · Sec A

Laura Teicher’s $179K as President/Executive Director is at the 77th percentile of top reported officer pay among 1851 $1–10M environment 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Laura Teicher$179,299$163,269$138,668$132,428$133,066
Adam Rodrigues$155,209$137,993———
Paul Butler$104,241————
Paul Damian Butler—$102,539———
Anya Losik$93,345$86,988———

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.

See Greentown Org INC executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Guides innovators from prototype to scaled commercial success.

Questions for Greentown Org INC

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2024
01

The organization strengthens regional economies through programming that powers the development of emerging hardtech solutions and enables local manufacturing. Programming includes product development support, manufacturing readiness education, and direct facilitation of local manufacturing partnerships.

$1.3Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$50K
Grants paid · 26 grants · $312K · 2020–2024
Floe INCFY2024$30,000
Andros Innovations INCFY2024$10,000
Highland Park Technologies INCFY2024$10,000
Evident Battery INCFY2024$10,000
Finiks Forge INCFY2024$10,000
Mantel Capture INCFY2024$9,691
Genwright B CorpFY2024$8,000
Starcube INCFY2024$6,000
Active Surfaces INCFY2024$6,000
Atlas Urban Farms LLCFY2024$6,000
Sedmed INCFY2023$20,000
Spadxtech LLCFY2023$10,000
Individual RecipientFY2023$10,000
Floe INCFY2023$10,000
Individual RecipientFY2023$10,000
Brash Engines INCFY2023$10,000
Robigo INCFY2022$25,000
Atacama Biomaterials INCFY2022$23,000
See all 26 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Money outPt IX
$1.7M
Ln 25
Programscol B$1.3M
Managementcol C$274K
Fundraisingcol D$148K
Owns and owesPt X
$184K
net assets · Ln 32
Cash and savingsLn 1–2$344K
Total assetsLn 16$575K
LiabilitiesLn 26$391K
PeoplePt VI, VII
12
listed · VII A
PaidVII A4
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.2M
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$344K
Cash and savings togetherLn 1–2$344K
Other assetsLn 15$9K
Total assetsLn 16$575K
LiabilitiesLn 26$391K
Net assetsLn 32$184K
OperationsPt I, VI
EmployeesI 511
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$293K$344K
Total assetsLn 16$480K$575K
LiabilitiesLn 26$199K$391K
Net assetsLn 32$281K$184K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$114K$114K
Grants and assistance to foreign recipientsLn 3$7K$7K
Pay of current officers, directors and key staffLn 5$265K$197K$32K$36K
Other salaries and wagesLn 7$649K$482K$78K$89K
Other employee benefitsLn 9$62K$49K$6K$7K
Payroll taxesLn 10$90K$68K$10K$13K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$116K$55K$61K
Lobbying feesLn 11d$29K$29K
Other fees for servicesLn 11g$207K$190K$14K$3K
Advertising and promotionLn 12$132K$110K$21K
Office expensesLn 13$461$159$302
Information technologyLn 14$10K$4K$7K
OccupancyLn 16$3K$3K
TravelLn 17$32K$24K$9K$25
InsuranceLn 23$6K$5K$581$635
Other expenses (24a–d)Ln 24$7K$2K$4K
Total functional expensesLn 25$1.7M$1.3M$274K$148K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$1.7M−$97K$184K 990 PDF
FY2023 $1.6M$1.6M$57K$281K 990 PDF
FY2022 $939K$1.2M−$252K$295K 990 PDF
FY2021 $920K$590K$330K$547K 990 PDF
FY2020 $312K$474K−$163K$217K 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 $1,634,557 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,628,406$1,634,557
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,628,406$1,634,557
I-13 Grants and similar amounts paidPrior year $94,000$120,891
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $841,425$1,066,915
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $636,373$543,738
I-18 Total expensesPrior year $1,571,798$1,731,544
I-19 Revenue less expensesPrior year $56,608−$96,987
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,634,557 across 4 lines filed
VIII-1e Government grants$1,210,497
VIII-1f All other contributions, gifts and grants$424,060
VIII-1h Total contributions, gifts and grants$1,634,557
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,634,557
Part IX · Statement of functional expenses $1,731,544 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $113,692$113,692
IX-3 Grants and assistance to foreign recipientsPrograms $7,199$7,199
IX-5 Pay of current officers, directors and key staffPrograms $197,427 · Management $31,725 · Fundraising $36,167$265,319
IX-7 Other salaries and wagesPrograms $481,905 · Management $78,136 · Fundraising $89,198$649,239
IX-9 Other employee benefitsPrograms $48,951 · Management $6,242 · Fundraising $6,827$62,020
IX-10 Payroll taxesPrograms $67,851 · Management $9,927 · Fundraising $12,559$90,337
IX-11b Legal feesManagement $1,948$1,948
IX-11c Accounting feesPrograms $54,877 · Management $61,480$116,357
IX-11d Lobbying feesManagement $28,811$28,811
IX-11g Other fees for servicesPrograms $189,759 · Management $14,281 · Fundraising $2,604$206,644
IX-12 Advertising and promotionPrograms $110,324 · Management $21,375$131,699
IX-13 Office expensesPrograms $159 · Management $302$461
IX-14 Information technologyPrograms $3,709 · Management $6,532$10,241
IX-16 OccupancyPrograms $2,777$2,777
IX-17 TravelPrograms $23,727 · Management $8,535 · Fundraising $25$32,287
IX-23 InsurancePrograms $4,557 · Management $581 · Fundraising $635$5,773
IX-24 Other expenses (24a–d)Programs $2,438 · Management $4,302$6,740
IX-25 Total functional expensesPrograms $1,309,352 · Management $274,177 · Fundraising $148,015$1,731,544
Part X · Balance sheet $574,963 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $293,112$343,730
X-3 Pledges and grants receivableStart of year $174,198$222,100
X-9 Prepaid expenses and deferred chargesStart of year $6,566$408
X-15 Other assetsStart of year $6,225$8,725
X-16 Total assetsStart of year $480,101$574,963
X-17 Accounts payable and accrued expensesStart of year $100,123$164,009
X-25 Other liabilitiesStart of year $98,977$226,940
X-26 Total liabilitiesStart of year $199,100$390,949
X-27 Net assets without donor restrictionsStart of year $251,001$84,014
X-28 Net assets with donor restrictionsStart of year $30,000$100,000
X-32 Total net assets or fund balancesStart of year $281,001$184,014
X-33 Total liabilities and net assetsStart of year $480,101$574,963
Part XI · Reconciliation of net assets $184,014 net assets at year end
XI-1 Total revenue$1,634,557
XI-2 Total expenses$1,731,544
XI-3 Revenue less expenses−$96,987
XI-4 Net assets at start of year$281,001
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$184,014

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

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