To promote the identification and development of entrepreneurs and entrepreneurial efforts.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$2.0M 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

FY2023 · 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 4
filings with a surplus
Average surplus $1.2M a year · 12% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.0M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $776K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$36.3M
85% of total assets
Concern: liabilities are 85% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 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
$18.0M
+135% vs prior year
Spent
$16.3M
To programs
72%
Net assets
$6.5M
By yearFY2021–FY2024
Revenue
$18.0M
FY2023▲ +135%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$7.6M
FY2023$18.0M
FY2024$15.0M
Expenses
$16.3M
FY2023▲ +312%
Tap a bar for its year
Expenses by fiscal year
FY2021$42K
FY2022$4.0M
FY2023$16.3M
FY2024$16.6M
Net assets
$6.5M
FY2023▲ +35%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.1M
FY2022$4.8M
FY2023$6.5M
FY2024$4.8M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Jun 2021.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $11.7M Management & general 21% · $3.4M Fundraising 7% · $1.2M

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

24 people listed on the 990; $2.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
Interim Pres./CEO (until June 2023)
$332,847Pt VII · Sec A
Director(until Aug '23)/CEO Emeritus
$245,289Pt VII · Sec A
$224,662Pt VII · Sec A
Clerk/Cpo (until Oct. 2023)
$221,672Pt VII · Sec A
$214,181Pt VII · Sec A
SVP, Marketing & Communications
$172,123Pt VII · Sec A
SR. Director, Membership
$156,878Pt VII · Sec A
Treasurer/Controller
$147,691Pt VII · Sec A

Joubin Hatamzadeh’s $223K as Chief Operating Officer is at the 38th percentile of top reported officer pay among 324 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022
Kevin Taylor—$332,847$244,795
Emily Reichert—$245,289—
Tana Boone—$221,672$235,296
Juliana Garaizar Sagarminaga—$224,662$178,195
Joubin Hatamzadeh$223,211$214,181—
Kevin Knobloch$219,974$100,443—
David Pruner$215,384——
Emily Reichert - President——$203,123

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 Collaborative 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports climatetech and energy startups by providing lab space, resources, and networking opportunities to accelerate climate and environmental innovation.

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Provided by the organization

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1 program · $11.7M · in their own filed words · FY2023
01

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…

$11.7Mprogram 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 7 funders →
Grants paid · 64 grants · $2.1M · 2022–2024
New York UniversityNY · FY2024$445,963
Fraunhofer USA INCMI · FY2024$100,000
Tex-E INCTX · FY2024$56,426
The University of Texas at AustinFY2024$25,000
Solidec INCFY2024$25,000
Browning the Green Space INCMA · FY2024$22,750
Seabound Carbon INCFY2024$15,000
High Tech Farm LLCFY2024$15,000
Eco ForgeFY2024$15,000
Coflux PurificationFY2024$15,000
Cellsense LLCFY2024$15,000
Carbon Negative SolutionsFY2024$15,000
Axis Sky Renewables CorpFY2024$15,000
Atmospark Technologies INCFY2024$15,000
AquasaicFY2024$15,000
Mic Monitor LLC DBA CorrolyticsFY2024$11,521
Capwell Services INCFY2024$11,521
Biosfera Group LLCFY2024$11,521
See all 64 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$18.0M
Ln 12
Gifts and grantsLn 1h$13.1M
Fees for servicesLn 2g$4.9M
Investment incomeLn 3$196
Money outPt IX
$16.3M
Ln 25
Programscol B$11.7M
Managementcol C$3.4M
Fundraisingcol D$1.2M
Owns and owesPt X
$6.5M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$42.7M
LiabilitiesLn 26$36.3M
PeoplePt VI, VII
24
listed · VII A
PaidVII A11
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.1M
Government grantsLn 1e$778K
Noncash giftsLn 1g$2.9M
Fees for servicesLn 2g$4.9M
Investment incomeLn 3$196
Total revenueLn 12$18.0M
Assets in detailPt X, end of year
CashLn 1$3.4M
Cash and savings togetherLn 1–2$3.4M
Land, buildings, equipmentLn 10c$15.4M
Other assetsLn 15$20.5M
Total assetsLn 16$42.7M
LiabilitiesLn 26$36.3M
Net assetsLn 32$6.5M
OperationsPt I, VI
EmployeesI 578
VolunteersI 623
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 FY23End FY23
Cash and savingsLn 1–2$1.4M$3.4M
Land, buildings, equipmentLn 10c$456K$15.4M
Total assetsLn 16$5.7M$42.7M
LiabilitiesLn 26$901K$36.3M
Net assetsLn 32$4.8M$6.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$941K$941K
Grants to domestic individualsLn 2$2K$2K
Grants and assistance to foreign recipientsLn 3$295K$295K
Pay of current officers, directors and key staffLn 5$1.0M$1.0M
Other salaries and wagesLn 7$4.4M$2.7M$1.0M$672K
Pension plan contributionsLn 8$74K$74K
Other employee benefitsLn 9$168K$28K$109K$31K
Payroll taxesLn 10$457K$225K$170K$61K
Legal feesLn 11b$316K$160K$155K
Accounting feesLn 11c$342K$122K$149K$71K
Lobbying feesLn 11d$30K$30K
Other fees for servicesLn 11g$413K$114K$129K$169K
Advertising and promotionLn 12$132K$44K$44K$44K
Office expensesLn 13$90K$83K$6K$20
Information technologyLn 14$662K$474K$139K$50K
OccupancyLn 16$3.2M$3.2M
TravelLn 17$172K$59K$97K$16K
Conferences, conventions and meetingsLn 19$402K$398K$5K
InterestLn 20$211K$211K
Depreciation, depletion and amortizationLn 22$1.3M$1.3M
InsuranceLn 23$451K$251K$152K$49K
Other expenses (24a–d)Ln 24$1.2M$1.2M$37K
All other expensesLn 24e$10K$3K$6K$2K
Total functional expensesLn 25$16.3M$11.7M$3.4M$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $15.0M$16.6M−$1.7M$4.8M 990 PDF
FY2023 Viewing $18.0M$16.3M$1.7M$6.5M 990 PDF
FY2022 $7.6M$4.0M$3.7M$4.8M 990 PDF
FY2021 $1.2M$42K$1.1M$1.1M 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 F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $17,971,785 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,631,380$13,086,401
I-9 Program service revenuePrior year $13,390$4,885,188
I-10 Investment incomePrior year $0$196
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,644,770$17,971,785
I-13 Grants and similar amounts paidPrior year $337,500$1,237,247
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,023,251$6,106,514
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $589,255$8,941,870
I-18 Total expensesPrior year $3,950,006$16,285,631
I-19 Revenue less expensesPrior year $3,694,764$1,686,154
Part VI · Governance 9 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $17,971,785 across 8 lines filed
VIII-1d Related organizations$2,862,189
VIII-1e Government grants$778,081
VIII-1f All other contributions, gifts and grants$9,446,131
VIII-1g Noncash contributions (included above)$2,876,409
VIII-1h Total contributions, gifts and grants$13,086,401
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,885,188$4,885,188
VIII-3 Investment incomeExcluded from tax $196$196
VIII-12 Total revenueRelated to mission $4,885,188 · Unrelated business $0 · Excluded from tax $196$17,971,785
Part IX · Statement of functional expenses $16,285,631 across 23 lines filed
IX-1 Grants to domestic organizationsPrograms $940,867$940,867
IX-2 Grants to domestic individualsPrograms $1,532$1,532
IX-3 Grants and assistance to foreign recipientsPrograms $294,848$294,848
IX-5 Pay of current officers, directors and key staffManagement $1,048,313$1,048,313
IX-7 Other salaries and wagesPrograms $2,660,906 · Management $1,026,505 · Fundraising $671,974$4,359,385
IX-8 Pension plan contributionsManagement $74,160$74,160
IX-9 Other employee benefitsPrograms $27,691 · Management $109,441 · Fundraising $30,522$167,654
IX-10 Payroll taxesPrograms $225,368 · Management $170,277 · Fundraising $61,357$457,002
IX-11b Legal feesPrograms $160,197 · Management $155,490$315,687
IX-11c Accounting feesPrograms $121,929 · Management $148,784 · Fundraising $70,912$341,625
IX-11d Lobbying feesManagement $30,000$30,000
IX-11g Other fees for servicesPrograms $113,841 · Management $129,448 · Fundraising $169,223$412,512
IX-12 Advertising and promotionPrograms $44,057 · Management $44,058 · Fundraising $44,057$132,172
IX-13 Office expensesPrograms $83,291 · Management $6,280 · Fundraising $20$89,591
IX-14 Information technologyPrograms $473,504 · Management $138,901 · Fundraising $50,034$662,439
IX-16 OccupancyPrograms $3,160,372$3,160,372
IX-17 TravelPrograms $59,124 · Management $96,838 · Fundraising $15,590$171,552
IX-19 Conferences, conventions and meetingsPrograms $397,835 · Management $4,574$402,409
IX-20 InterestPrograms $211,015$211,015
IX-22 Depreciation, depletion and amortizationPrograms $1,304,168$1,304,168
IX-23 InsurancePrograms $250,534 · Management $152,090 · Fundraising $48,583$451,207
IX-24 Other expenses (24a–d)Programs $1,209,847 · Management $36,819$1,246,666
IX-24e All other expensesPrograms $3,218 · Management $5,662 · Fundraising $1,575$10,455
IX-25 Total functional expensesPrograms $11,744,144 · Management $3,377,640 · Fundraising $1,163,847$16,285,631
Part X · Balance sheet $42,748,535 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $1,411,086$3,413,145
X-3 Pledges and grants receivableStart of year $2,288,179$2,748,668
X-4 Accounts receivable$38,940
X-9 Prepaid expenses and deferred chargesStart of year $38,272$174,585
X-10c Land, buildings and equipment, netStart of year $455,947$15,369,074
X-14 Intangible assets$511,042
X-15 Other assetsStart of year $1,512,441$20,493,081
X-16 Total assetsStart of year $5,705,925$42,748,535
X-17 Accounts payable and accrued expensesStart of year $885,983$1,784,890
X-18 Grants payable$609,597
X-19 Deferred revenueStart of year $13,550$272,011
X-25 Other liabilitiesStart of year $1,355$28,915,100
X-26 Total liabilitiesStart of year $900,888$36,257,344
X-27 Net assets without donor restrictionsStart of year $3,957,876$4,652,243
X-28 Net assets with donor restrictionsStart of year $847,161$1,838,948
X-32 Total net assets or fund balancesStart of year $4,805,037$6,491,191
X-33 Total liabilities and net assetsStart of year $5,705,925$42,748,535
Part XI · Reconciliation of net assets $6,491,191 net assets at year end
XI-1 Total revenue$17,971,785
XI-2 Total expenses$16,285,631
XI-3 Revenue less expenses$1,686,154
XI-4 Net assets at start of year$4,805,037
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,491,191

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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