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.
61¢ of each $1 spent went to programs.
$213K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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.
Pt I · Ln 19 · 4 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$213K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.3 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
$102K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+12% vs prior year
Spent
$2.4M
To programs
61%
Net assets
$3.0M
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▲ +12%
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
$2.4M
FY2024▲ +33%
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
$3.0M
FY2024▲ +13%
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 FY2024 Form 990 (year ending September 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

61 cents of each dollar spent went to programs.

Program services 61% · $1.4M Management & general 20% · $485K Fundraising 19% · $457K

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

13 people listed on the 990; $213K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Director of Programs
$129,453Pt VII · Sec A
$84,007Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $1.4M · in their own filed words · FY2023
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.

$1.4Mprogram 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
See all 15 funders →
Grants paid · 1 grant · $5K · 2022–2022
Individual RecipientFY2022$5,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.7M
Investment incomeLn 3$15K
Other incomeLn 4–11$4K
Money outPt IX
$2.4M
Ln 25
Programscol B$1.4M
Managementcol C$485K
Fundraisingcol D$457K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$3.1M
LiabilitiesLn 26$102K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Noncash giftsLn 1g$9K
Investment incomeLn 3$15K
Other incomeLn 4–11$4K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$2K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$8K
Other assetsLn 15$5K
Total assetsLn 16$3.1M
LiabilitiesLn 26$102K
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 518
VolunteersI 6144
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$1.2M
InvestmentsLn 11–13$7K$8K
Total assetsLn 16$2.7M$3.1M
LiabilitiesLn 26$71K$102K
Net assetsLn 32$2.7M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$186K$93K$65K$28K
Other salaries and wagesLn 7$1.2M$780K$138K$270K
Pension plan contributionsLn 8$22K$8K$4K$11K
Other employee benefitsLn 9$74K$26K$14K$34K
Payroll taxesLn 10$104K$65K$16K$23K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$124K$124K
Other fees for servicesLn 11g$170K$104K$10K$56K
Advertising and promotionLn 12$58K$44K$8K$6K
Office expensesLn 13$5K$2K$2K$668
Information technologyLn 14$49K$19K$23K$7K
OccupancyLn 16$48K$29K$9K$10K
Conferences, conventions and meetingsLn 19$13K$5K$8K$955
InsuranceLn 23$10K$3K$7K
Other expenses (24a–d)Ln 24$309K$266K$43K$98
All other expensesLn 24e$16K$135$4K$11K
Total functional expensesLn 25$2.4M$1.4M$485K$457K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $2.7M$2.4M$334K$3.0M 990 PDF
FY2023 Not on file
FY2022 $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 I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,720,746 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,241,373$2,701,591
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $315$14,871
I-11 Other revenuePrior year $35$4,284
I-12 Total revenuePrior year $2,241,723$2,720,746
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 $832,620$1,575,584
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,395,617$811,267
I-18 Total expensesPrior year $2,228,237$2,386,851
I-19 Revenue less expensesPrior year $13,486$333,895
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,720,746 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2,701,591
VIII-1g Noncash contributions (included above)$9,106
VIII-1h Total contributions, gifts and grants$2,701,591
VIII-3 Investment incomeExcluded from tax $14,871$14,871
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,284$4,284
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $19,155$2,720,746
Part IX · Statement of functional expenses $2,386,851 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $92,989 · Management $65,092 · Fundraising $27,897$185,978
IX-7 Other salaries and wagesPrograms $780,388 · Management $138,482 · Fundraising $270,001$1,188,871
IX-8 Pension plan contributionsPrograms $7,762 · Management $4,077 · Fundraising $10,661$22,500
IX-9 Other employee benefitsPrograms $26,087 · Management $14,011 · Fundraising $33,957$74,055
IX-10 Payroll taxesPrograms $65,353 · Management $15,853 · Fundraising $22,974$104,180
IX-11b Legal feesManagement $9,325$9,325
IX-11c Accounting feesManagement $123,806$123,806
IX-11g Other fees for servicesPrograms $104,245 · Management $9,978 · Fundraising $55,605$169,828
IX-12 Advertising and promotionPrograms $44,280 · Management $7,717 · Fundraising $5,987$57,984
IX-13 Office expensesPrograms $1,900 · Management $2,288 · Fundraising $668$4,856
IX-14 Information technologyPrograms $19,242 · Management $23,165 · Fundraising $6,766$49,173
IX-16 OccupancyPrograms $28,624 · Management $9,116 · Fundraising $10,398$48,138
IX-19 Conferences, conventions and meetingsPrograms $4,607 · Management $7,824 · Fundraising $955$13,386
IX-23 InsurancePrograms $2,512 · Management $7,428$9,940
IX-24 Other expenses (24a–d)Programs $266,286 · Management $42,845 · Fundraising $98$309,229
IX-24e All other expensesPrograms $135 · Management $4,200 · Fundraising $11,267$15,602
IX-25 Total functional expensesPrograms $1,444,410 · Management $485,207 · Fundraising $457,234$2,386,851
Part X · Balance sheet $3,112,154 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $194,630$1,244,911
X-2 Savings and temporary cash investmentsStart of year $1,047,955$1,944
X-3 Pledges and grants receivableStart of year $1,457,077$1,807,796
X-9 Prepaid expenses and deferred chargesStart of year $30,395$44,316
X-11 Publicly traded securitiesStart of year $6,586$8,219
X-15 Other assetsStart of year $8,387$4,968
X-16 Total assetsStart of year $2,745,030$3,112,154
X-17 Accounts payable and accrued expensesStart of year $67,261$102,269
X-25 Other liabilitiesStart of year $3,404$0
X-26 Total liabilitiesStart of year $70,665$102,269
X-27 Net assets without donor restrictionsStart of year $1,840,715$855,644
X-28 Net assets with donor restrictionsStart of year $833,650$2,154,241
X-32 Total net assets or fund balancesStart of year $2,674,365$3,009,885
X-33 Total liabilities and net assetsStart of year $2,745,030$3,112,154
Part XI · Reconciliation of net assets $3,009,885 net assets at year end
XI-1 Total revenue$2,720,746
XI-2 Total expenses$2,386,851
XI-3 Revenue less expenses$333,895
XI-4 Net assets at start of year$2,674,365
XI-5 Net unrealized gains (losses) on investments$1,625
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,009,885

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

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