2024-08-13T10:12:17-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2022-10-01 811990763 GREENWOOD PROJECT GREE 3128198490 231 S LASALLE STREET 2100 CHICAGO IL 60604 KWESI SMITH CHIEF EXECUTIVE OFFICER 3128198490 2024-08-13 1 1 KIMBERLY ANDERSON P00188889 6086628600 2024-07-31 2022 2024-08-08 14:25:15Z X KWESI SMITH 231 S LASALLE STREET 2100 CHICAGO IL 60604 2241723 0 X HTTPS://WWW.GREENWOODPROJECT.ORG/ X 2016 IL GREENWOOD'S MISSION IS TO CREATE CAREER PATHWAYS IN THE FINANCIAL SERVICES INDUSTRY FOR BLACK AND LATINO COLLEGE STUDENTS. WE PARTNER WITH COMPANIES TO FIND EQUITABLE AND INCLUSIVE SOLUTIONS FOR RECRUITMENT, RETENTION, AND ADVANCEMENT. OUR VISION IS A FINANCE INDUSTRY WITHOUT BARRIERS TO ENTRY AND ADVANCEMENT FOR BLACK AND LATINO PEOPLE. 9 9 17 45 0 0 2410668 2241373 0 0 301 315 18182 35 2429151 2241723 5000 0 0 0 506905 832620 0 0 88262 1286604 1395617 1798509 2228237 630642 13486 2736932 2745030 77813 70665 2659119 2674365 X GREENWOOD'S MISSION IS TO CREATE CAREER PATHWAYS IN THE FINANCIAL SERVICES INDUSTRY FOR BLACK AND LATINO COLLEGE STUDENTS. WE PARTNER WITH COMPANIES TO FIND EQUITABLE AND INCLUSIVE SOLUTIONS FOR RECRUITMENT, RETENTION, AND ADVANCEMENT. OUR VISION IS A FINANCE INDUSTRY WITHOUT BARRIERS TO ENTRY AND ADVANCEMENT FOR BLACK AND LATINO PEOPLE. 0 0 1605326 0 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. AFTER A FOUR (4) WEEK INTENSIVE BOOT CAMP THAT COVERS PROFESSIONAL SKILLS, ACCOUNTING PRINCIPLES, AND THE BASICS OF FINANCIAL MARKETS AND VALUATION, STUDENTS MOVE INTO SIX (6) WEEK INTERNSHIP EXPERIENCES AT PARTNER COMPANIES ACROSS THE FINANCIAL SERVICES INDUSTRY. UPON THE COMPLETION OF THEIR TRAINING SUMMER, STUDENTS WHO RETURN TO THE PROGRAM FOR MULTIPLE YEARS MOVE INTO TRADITIONAL TEN (10) TO TWELVE (12) WEEK INTERNSHIP PLACEMENTS. THROUGHOUT THEIR ENGAGEMENT WITH THE GREENWOOD PROJECT, STUDENTS MEET AND ENGAGE WITH OVER 100 CORPORATE VOLUNTEERS AND PROFESSIONALS FOR EACH YEAR OF THEIR PARTICIPATION IN THE PROGRAM. 1605326 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 90 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 IL X KWESI SMITH 3128198490 231 S LASALLE STREET SUITE 2100 CHICAGO IL 60604 EMILY HOLTHAUS DIRECTOR OF PROGRAMS 40.00 X 113077 0 629 BEVON JOSEPH PRESIDENT AND CEO 40.00 X 100270 0 7128 ELOIS JOSEPH VP OF STRATEGY 40.00 X 88361 0 3539 KWESI SMITH CEO 40.00 X 0 0 2371 VIRGIL JONES DIR. OF GROWTH AND OPERATIONAL EXCELLENCE 40.00 X 0 0 0 SIZWE KAMARA BOARD PRESIDENT 1.00 X X 0 0 0 MICHAEL ROTHKOPF TREASURER 6.00 X X 0 0 0 ERIKA KINGESTU SECRETARY 1.00 X X 0 0 0 MARK SEBASTIAN DIRECTOR 1.00 X 0 0 0 ALFARIDA MOHAMMED DIRECTOR 1.00 X 0 0 0 ANGELA JONES DIRECTOR 1.00 X 0 0 0 CATHERINE CLAY DIRECTOR 1.00 X 0 0 0 MICHAEL PIPER DIRECTOR 1.00 X 0 0 0 SULIN BA DIRECTOR 1.00 X 0 0 0 301708 0 13667 2 0 0 0 0 2241373 1000 2241373 315 315 MISC REVENUE 900099 35 35 35 2241723 0 0 350 X 144515 127478 12170 4867 602903 483554 75191 44158 9709 6127 2483 1099 11913 3962 5495 2456 63580 51858 7504 4218 56180 56180 158024 158024 237759 96380 141379 14586 100 14447 39 11229 5841 4977 411 29780 16619 4771 8390 5633 4584 663 386 6631 1784 4847 83764 70051 11841 1872 2247 2247 STUDENT SUPPORT 741198 736988 4210 FEES 32628 31472 1156 BAD DEBT EXPENSE 15000 15000 958 958 2228237 1605326 534649 88262 55333 194630 1774087 1047955 850000 1457077 8458 30395 4823 6586 44231 8387 2736932 2745030 33582 67261 44231 3404 77813 70665 X 2659119 1840715 833650 2659119 2674365 2736932 2745030 13486 1760 0 X 0 1 X 1 0 X 168549 1408877 2223966 2377193 2257213 8435798 168549 1408877 2223966 2377193 2257213 8435798 2968983 5466815 8 301 315 624 10044 18182 35 28261 8464683 0.64580 0.62980 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 10,044. 2021 AMOUNT: $ 18,182. 2022 AMOUNT: $ 35. PART II, SHORT YEAR EXPLANATION: THE PRIOR YEAR (YEAR ENDED 9/30/2022) WAS A SHORT YEAR FOR THE PERIODS 1/1/22-9/30/22. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 RIGHT OF USE ASSET 3404 3404 3150497 1762 907012 908774 2241723 0 2241723 3135249 907012 907012 2228237 0 2228237 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE BOARD PRESIDENT, TREASURER, AND ANOTHER DIRECTOR OF THE BOARD. THE COMMITTEE SHALL ACT WITH FULL AUTHORITY OF THE BOARD BETWEEN BOARD MEETINGS, SUBJECT TO STATUTORY AND BOARD-IMPOSED LIMITATIONS ON COMMITTEE ACTION. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE UPDATED TO REMOVE THE PROVISION LIMITING THE MAXIMUM NUMBER OF BOARD MEMBERS TO EIGHT. FORM 990, PART VI, SECTION B, LINE 11B THE CEO OF GREENWOOD PROJECT WILL EMAIL A DRAFT COPY OF THE FORM 990 TO THE GOVERNING BOARD FOR THEIR REVIEW PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST POLICY. IF A POTENTIAL CONFLICT EXISTS, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON MAY PRESENT AT THE GOVERNING BOARD MEETING, BUT MUST LEAVE THE ROOM DURING THE DISCUSSION AND VOTE ON THE TRANSACTION OR ARRANGEMENT. THIS MUST BE NOTED IN THE BOARD MINUTES FOR THAT MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DIRECTLY LINKED TO HIS PERFORMANCE AND THE ATTAINMENT OF ORGANIZATIONAL OBJECTIVES. AT THE OUTSET OF EVERY FISCAL YEAR, THE CEO PRESENTS HIS PERSONAL AND ORGANIZATIONAL GOALS TO THE BOARD CHAIR AND EXECUTIVE COMMITTEE. FOLLOWING A METICULOUS REVIEW, THESE OBJECTIVES ARE ENDORSED BY BOTH ENTITIES. THE CEO'S COMPENSATION IS CONTINGENT UPON A COMPREHENSIVE ASSESSMENT OF HIS PERFORMANCE VIS--VIS THESE GOALS. COMPARABILITY DATA AND NONPROFIT COMPENSATION GUIDES ARE USED TO DETERMINE COMPENSATION. THE CEO DETERMINES THE COMPENSATION FOR DIRECT REPORTS. MANAGERS SET COMPENSATION FOR THEIR STAFF. ALL COMPENSATION DECISIONS ARE MADE IN COLLABORATION WITH HR TO ENSURE THEY ALIGN WITH CURRENT MARKET RATES AND BENCHMARK DATA FOR SIMILAR ROLES IN SIMILAR ORGANIZATIONS AND INDUSTRIES. AFTER MANAGEMENT AND THE CEO DISCUSS AND APPROVE THE COMPENSATION DATA, IT IS INCORPORATED INTO THE ANNUAL BUDGET, WHICH THE BOARD OF DIRECTORS SUBSEQUENTLY APPROVES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 96,380. MANAGEMENT AND GENERAL EXPENSES 141,379. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 237,759.