EIN 20-0407083

Greenlight Fund

IRS 501(c) type
501(c)(3)
Num. employees
57
City
Year formed
2003
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Greenlight Fund transforms the lives of children and families in high-poverty urban areas by creating infrastructure and an annual process to identify critical needs. It searches the country to find innovative, results-oriented nonprofit approaches to meeting those needs in the ten cities where it operates.
Total revenues
$14,905,436
2023
Total expenses
$12,511,459
2023
Total assets
$56,201,018
2023
Num. employees
57
2023

Program areas at Greenlight Fund

To meet its mission in the twelve cities where it operates, the Greenlight Fund does the following:- runs an annual process to identify critical community needs; searches the country to find innovative, results-oriented nonprofit approaches to meeting needs; conducts rigorous diligence on these nonprofits to understand their outcomes, revenue model, replicability, and potential fit on the local landscape; and selects one organization to import into the city that shows the greatest promise of making a significant, measurable impact as cost effectively as possible.- supports organizations it selects with financial and non-financial assistance. Greenlight typically provides around $600,000 over an organization's first four years in the new city, helps attract talented leadership to their local staff and boards, takes a seat on their local boards, facilitates partnerships and additional resources, and supports and monitors progress to become sustainable in the new location.- launches organizations in the community by showcasing them at events where they can build awareness and recruit new supporters.since its founding in boston in 2004, the Greenlight Fund has imported fifteen organizations into boston: friends of the children-boston, raising a reader-massachusetts, peer health exchange, youth villages' lifeset program, uptogether, single stop usa, the new teacher center, college advising corps, blueprint schools network, caremessage, youth guidance: becoming a man, per scholas, youth guidance: working on womanhood, child first, and the fountain fund.since 2012 when it was established in philadelphia, Greenlight philadelphia has imported single stop usa, year up, center for employment opportunities, parentchild+, compass working capital, hopeworks, and the fountain Fund into the city.since 2012 when it was founded in the san francisco bay area, Greenlight bay area has imported genesys works, uaspire, springboard collaborative, blueprint math fellows, parentchild+, everyone on, and food connect into the bay area. Since 2015 when it was founded in cincinnati, Greenlight cincinnati has imported center for employment opportunities, uptogether, first place for youth, the literacy lab's leading men fellowship, and homestart renew collaborative into the city. Since 2016 when it was founded in detroit, Greenlight detroit has imported center for employment opportunities, new teacher center, and springboard collaborative into the city.since 2017 when it was founded in charlotte, Greenlight charlotte has imported parentchild+, center for employment opportunities, alternatives to violence, and inner explorer into the city. Since 2018, when it was founded in Kansas city, Greenlight Kansas city has imported youth guidance: becoming a man, youth guidance: working on womanhood, all our kin, food connect, and mrelief into the city. Since 2019 when it was founded in atlanta, Greenlight atlanta has imported center for employment opportunities, the literacy lab's leading men fellowship, inner explorer, and capital good Fund into the city.since 2020 when it was founded in the twin cities, Greenlight twin cities has imported let everyone advance with dignity and irth into the city.since 2021 when it was founded in baltimore, Greenlight baltimore has imported point source youth.since 2022 when it was founded in greater newark, Greenlight greater newark has imported ems corps.in 2023, Greenlight Fund launched its twelfth site, chicago, and began its first selection process in 2023.across Greenlight Fund's twelve locations, in 2023 greenlight-supported organizations reached 387,981 children, youth and families with their innovative programs that are achieving measurable results in their efforts to transform lives.

Grants made by Greenlight Fund

GranteeGrant descriptionAmount
Food ConnectGeneral Support$347,500
Youth GuidanceGeneral Support$305,000
Cure Violence GlobalGeneral Support$300,000
...and 28 more grants made totalling $3,905,251

Who funds Greenlight Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Sergey Brin Family FoundationGeneral Operating Support$3,030,650
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$2,184,350
The Boston Foundation (TBF)Operating Support/annual Fund$1,257,500
...and 114 more grants received totalling $13,321,338

Personnel at Greenlight Fund

NameTitleCompensation
Ali KnightChief Executive Officer
Margaret HallClerk , Chief Executive Officer$217,171
Chris LoneyChief of Staff$142,615
Madhumita ChakrabarttiVice President , Finance and Operations$150,946
Robert MaysVice President , People , Equity and Culture$165,837
...and 23 more key personnel

Financials for Greenlight Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$14,343,566
Program services$0
Investment income and dividends$1,193,098
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-248,858
Net income from fundraising events$-382,370
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$14,905,436

Form 990s for Greenlight Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-30990View PDF
2022-122023-11-01990View PDF
2021-122022-11-09990View PDF
2020-122021-07-12990View PDF
2019-122021-02-26990View PDF
...and 11 more Form 990s
Data update history
December 8, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 27, 2024
Updated personnel
Identified 2 new personnel
November 26, 2024
Received grants
Identified 18 new grant, including a grant for $300,000 from The Tepper Foundation
November 5, 2024
Updated personnel
Identified 6 new personnel
August 25, 2024
Received grants
Identified 26 new grant, including a grant for $1,257,500 from The Boston Foundation (TBF)
Nonprofit Types
Grantmaking organizationsCorporate foundationsBusiness and community development organizationsYouth service charitiesCharities
Issues
ChildrenCommunity improvement
Characteristics
Fundraising eventsNational levelCommunity engagement / volunteeringFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
50 Milk St 16th Floor
Boston, MA 02109
Metro area
Boston-Cambridge-Newton, MA-NH
County
Suffolk County, MA
Website URL
greenlightfund.org/ 
Phone
(617) 912-8983
IRS details
EIN
20-0407083
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2003
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S50: Nonprofit Management
NAICS code, primary
624110: Child and Youth Services
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0186629
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-12-18
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