Greenwood Project prepares talented black and latino college students for high-trajectory financial services careers through early exposure, rigorous training, and high-touch coaching.

501(c)(3) charity; gifts are tax-deductible.
$302K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990-PFIndependent: 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-PF
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $740K a year · 34% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
990-PF Pt I · 4 filings
Pay to officers and key staff
$302K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
990-PF Pt VIII
8 mo
of spending, in cash
Looks good: 8.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $1.5M
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$78K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
990-PF Pt II
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+9% vs prior year
Spent
$1.8M
Net assets
$2.7M
By yearFY2020–FY2024
Revenue
$2.4M
FY2022▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$2.2M
FY2022$2.4M
FY2024$2.7M
FY2024$2.6M
Expenses
$1.8M
FY2022▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2020$326K
FY2021$1.3M
FY2022$1.8M
FY2024$2.4M
FY2024$2.4M
Net assets
$2.7M
FY2022▲ +44%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.8M
FY2022$2.7M
FY2024$3.0M
FY2024$3.2M

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2024.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 0% · $5K Operating & administrative 100% · $1.8M

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

14 people listed on the 990-PF; $302K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director of Programs
$113,077Pt VII · Sec A
President and CEO
$100,270Pt VII · Sec A
VP of Strategy
$88,361Pt VII · Sec A
$0Pt VII · Sec A
Dir. of Growth and Operational Excellence
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kwesi Smith’s $171K as CEO is at the 82nd percentile of top reported officer pay among 3869 $1–10M human services 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 · 8 named individuals · Part VII

NameFY2024FY2024FY2022FY2021
Kwesi Smith$171,384$84,007——
Virgil Jones$159,580———
Heidi Albert$158,145———
Ashley Okonta-Mathews$133,202———
Emily Holthaus—$129,453$113,077$59,328
Bevon Joseph——$100,270$118,566
Maryiah Madden$113,770———
Elois Joseph——$88,361$81,300

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

Programs and updates

Connects Black and Latino college students with financial services careers through company partnerships.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2022
01

Greenwood Project's College Program

With the goal of both exposure to careers in the financial services industry and building career pathways into the industry for black and latinx students, the greenwood project's college programs are engineered to provide meaningful training and work experiences for students across multiple years of their college careers.

$1.6Mprogram expense

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 1 grant · $5K · 2022–2022
Individual RecipientFY2022$5,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$5K
Median grantPart XV$5K
Largest grantPart XV$5K

By the numbers

The FY2022 990-PF, line by line.

1The main four
Money in
$2.4M
Gifts and grants$2.4M
Other income$18K
Investment income$301
Money out
$1.8M
Grants paid$5K
Running costs$1.8M
Owns and owes
$2.7M
net assets
Cash and savings$1.2M
Total assets$2.7M
Liabilities$78K
People
14
listed
Paid3
Voting board9
Independent9
2In more detail
Revenue in detail
Gifts and grants$2.4M
Investment income$301
Other income$18K
Total revenue$2.4M
Assets in detailEnd of year
Cash and savings together$1.2M
Total assets$2.7M
Liabilities$78K
Net assets$2.7M
Operations
Employees18
Volunteers144
Fiscal year endsSeptember
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyNo

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $2.7M$2.4M$334K$3.0M 990 PDF
FY2023 Not on file
FY2022 Viewing $2.4M$1.8M$631K$2.7M 990 PDF
FY2021 $2.2M$1.3M$904K$1.8M 990 PDF
FY2020 $1.4M$326K$1.1M$1.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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