2025-11-14T12:16:07-06:00 2024-12-31 263753134 CBIZ ADVISORS LLC 53 STATE STREET 17TH FLOOR BOSTON MA 02109 990 2024-01-01 853807217 GREENTOWN COLLABORATIVE INC GREE 8889546836 444 SOMERVILLE AVE SOMERVILLE MA 02143 KEVIN DUTT INTERIM CEO 8889546836 2025-11-13 1 1 CRAIG A KLEIN P00734640 6178075000 2025-11-13 2024 2025-03-06 01:10:19Z GEORGINA CAMPBELL FLATTER 444 SOMERVILLE AVE SOMERVILLE MA 02143 14997125 0 X WWW.GREENTOWNLABS.COM X 2020 MA TO PROMOTE THE IDENTIFICATION AND DEVELOPMENT OF ENTREPRENEURS AND ENTREPRENEURIAL EFFORTS. 10 10 78 23 0 0 13086401 8197950 4885188 6656278 196 47276 0 58238 17971785 14959742 1237247 963764 0 0 6106514 5295911 0 0 1040185 8941870 10385971 16285631 16645646 1686154 -1685904 42748535 37398401 36257344 32593114 6491191 4805287 GREENTOWN COLLABORATIVE'S MISSION IS TO ACCELERATE CLIMATE, ENERGY AND ENVIRONMENT INNOVATIONS AND COMMERCIALIZATION BY EMPOWERING ENTREPRENEURS AND ENABLING COLLABORATION. 0 0 12573189 963764 6732139 ACCELERATING CLIMATE, ENERGY, AND ENVIRONMENT INNOVATION AND COMMERCIALIZATION BY EMPOWERING ENTREPRENEURS AND ENABLING COLLABORATION. AS THE WORLD'S LARGEST CLIMATETECH AND ENERGY STARTUP INCUBATOR, WITH LOCATIONS IN SOMERVILLE, MA AND HOUSTON, TX, GREENTOWN CONVENES THE STARTUP ECOSYSTEM TO PROVIDE ENTREPRENEURS MISSION CRITICAL ACCESS TO LABS, EQUIPMENT, CUSTOMERS, CAPITAL, TALENT, COMMUNITY, AND RESOURCES FOR BUSINESS AND LEADERSHIP GROWTH. 12573189 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 85 0 1 78 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 1 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X NAHEED MALIK 8889546836 444 SOMERVILLE AVE SOMERVILLE MA 02143 BOBBY TUDOR DIRECTOR (AS OF DEC. 2024) 1.00 0.00 X 0 0 0 JASON HANNA DIRECTOR 1.00 0.00 X 0 0 0 JOHN HITT DIRECTOR (AS OF MAY 2024) 1.00 0.00 X 0 0 0 DAVID BALDWIN DIRECTOR (AS OF DEC. 2024) 1.00 0.00 X 0 0 0 BOB HARVEY DIRECTOR (AS OF DEC. 2024) 1.00 0.00 X 0 0 0 JANE STRICKER DIRECTOR (AS OF DEC. 2024) 1.00 0.00 X 0 0 0 BILL AULET DIRECTOR (AS OF DEC. 2024) 1.00 0.00 X 0 0 0 PAMELA REEVE DIRECTOR (AS OF DEC. 2024) 1.00 0.00 X 0 0 0 GEORGINA CAMPBELL FLATTER DIRECTOR (AS OF DEC. 2024) 1.00 0.00 X 0 0 0 KEVIN DUTT PRESIDENT & CEO (MAY - DEC. 2024) 40.00 0.00 X X 120000 0 0 ELIZABETH TURNBULL HENRY DIRECTOR (MAY - DEC. 2024) 1.00 0.00 X 0 0 0 JUAN CARLOS MORALES DIRECTOR (AS OF DEC. 2024) 1.00 0.00 X 0 0 0 KATHERINE HAMILTON DIRECTOR (UNTIL DEC. 2024) 1.00 0.00 X 0 0 0 MITCH TYSON DIRECTOR (UNTIL DEC. 2024) 1.00 0.00 X 0 0 0 DAWN JAMES DIRECTOR (UNTIL DEC. 2024) 1.00 0.00 X 0 0 0 BARBARA BURGER DIRECTOR (UNTIL AUGUST 2024) 1.00 0.00 X 0 0 0 JENNIFER DALOISIO DIRECTOR (UNTIL DEC. 2024) 1.00 0.00 X 0 0 0 NISHA DESAI DIRECTOR (UNTIL NOV. 2024) 1.00 0.00 X 0 0 0 LEAH ELLIS DIRECTOR (UNTIL OCT. 2024) 1.00 0.00 X 0 0 0 NIDHI THAKAR DIRECTOR (UNTIL NOV. 2024) 1.00 0.00 X 0 0 0 HILARY FLYNN DIRECTOR (UNTIL MARCH 2024) 1.00 0.00 X 0 0 0 NAHEED MALIK TREASURER & CFO (AS OF NOV 2024) 40.00 0.00 X 17257 0 3301 MITCHELL BILCZEWSKI ASST. TREASURER & CONTROLLER 40.00 0.00 X 150907 0 14474 SARA MATTERN CLERK 1.00 0.00 X 0 0 0 KEVIN KNOBLOCH PRESIDENT & CEO (UNTIL JULY 2024) 40.00 0.00 X 219974 0 15669 SUZANNE OAKLEY INTERIM CFO (UNTIL NOV. 2024) 40.00 0.00 X 0 0 0 JOUBIN HATAMZADEH CHIEF OPERATING OFFICER 40.00 0.00 X 223211 0 6860 AISLING CARLSON SVP, PARTNERSHIPS 40.00 0.00 X 174980 0 28540 JULIA TRAVAGLINI SVP, MARKETING & COMMUNICATIONS 40.00 0.00 X 172711 0 31223 GREG RALICH VP, LABS & SAFETY 40.00 0.00 X 132862 0 18106 BRIAN DOWLING SR. DIRECTOR, FACILITIES 40.00 0.00 X 118277 0 12871 DAVID PRUNER TEX-E EXECUTIVE DIR(UNTIL SEPT 2024) 40.00 0.00 X 215384 0 18974 TIMMEKO LOVE SVP & HEAD OF HOUSTON 40.00 0.00 X 170770 0 15215 1716333 0 165233 17 0 1 0 SUZANNE OAKLEY 61 REVERE STREET 5 BOSTON MA 02114 CFO SERVICES 186975 FOLEY HOAG LLP 155 SEAPORT BLVD BOSTON MA 02210 LEGAL 168296 CBIZ ADVISORS LLC 53 STATE STREET 17TH FLOOR BOSTON MA 02109 ACCOUNTING SERVICES 110504 3 55865 17291 723659 7401135 120000 8197950 MEMBERSHIP LICENSE FEE 541900 6524662 6524662 PROGRAM EVENT TICKETS 541900 89209 89209 FACILITY TOURS & IMPAC 541900 42407 42407 6656278 47276 47276 19760 55865 37383 -17623 -17623 OPERATIONS MANAGEMENT 561000 65861 65861 INCUBATOR CONSULTING 541610 10000 10000 75861 14959742 6732139 0 29653 921008 921008 1756 1756 41000 41000 975283 230181 541582 203520 3800090 2368251 883680 548159 119763 119763 32428 410 31934 84 368347 197718 112570 58059 181414 161414 20000 394392 87875 306517 30000 30000 269394 22549 202296 44549 97138 14678 80828 1632 8762 7852 730 180 421261 264175 111122 45964 4166479 4017288 139508 9683 199039 170818 16460 11761 264010 264010 2037140 1982142 54998 521255 223969 217923 79363 FACILITIES OPERATIONS 997200 996125 1075 INCUBATOR PROGRAMMING 376843 368917 2919 5007 ACCELERATOR PROGRAMMING 269239 262525 6714 BANK FEES 54677 45392 7666 1619 97728 84550 9287 3891 16645646 12573189 3032272 1040185 3413145 3783514 2748668 1622317 38940 55792 174585 160220 16666143 3254211 15369074 13411932 511042 456043 20493081 17908583 42748535 37398401 1784890 761265 609597 171554 272011 569086 4675746 4466128 28915100 26625081 36257344 32593114 X 4652243 3869455 1838948 935832 6491191 4805287 42748535 37398401 -1685904 0 X 0 1 X 1 0 X 1160000 7631380 13086401 8197950 30075731 1160000 7631380 13086401 8197950 30075731 7215212 22860519 196 47276 47472 19760 19760 30142963 11677993 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENT REVENUE - 2024 AMOUNT: $ 19,760. FORM 990, SCHEDULE A - PUBLIC SUPPORT SHORT YEAR THE ORGANIZATION WAS INCORPORATED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS ON OCTOBER 7, 2020. THEREFORE, THE 2020 TAX YEAR (OCTOBER 7, 2020 TO DECEMBER 31, 2020) IS A SHORT YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 30000 30000 0 PART II-B, LINE 1: GREENTOWN COLLABORATIVE, INC. PAYS A THIRD PARTY COMPANY TO ADVOCATE SPECIFIC STATE LEGISLATION. 1 0 522933 -2500 520433 0 15513251 2979136 12534115 1152892 275075 877817 13411932 SECURITY DEPOSITS 841404 RIGHT-OF-USE ASSET - OPERATING LEASES 17067179 17908583 SECURITY DEPOSITS 593000 OPERATING LEASE LIABILITIES 26032081 26625081 X 15510300 513175 513175 14997125 -37383 -37383 14959742 17196204 513175 37383 550558 16645646 0 16645646 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE ORGANIZATION'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -37,383. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 37,383. 1 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS 15000 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS 15000 NORTH AMERICA 0 0 GRANTS 11000 0 0 0 0 0 0 41000 0 41000 EUROPE (INCLUDING ICELAND & GREENLAND) PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM 15000 ACH / WIRE TRANSFER 0 MIDDLE EAST AND NORTH AFRICA PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM 15000 ACH / WIRE TRANSFER 0 NORTH AMERICA PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM 10000 ACH / WIRE TRANSFER 0 0 3 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION OBTAINS GRANT AGREEMENTS, HOWEVER WRITTEN PROCEDURES ARE STILL IN DEVELOPMENT AT THE TIME OF THIS FILING. 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X X 0 0 0 0 0 0 0 1 0 KEVIN KNOBLOCH PRESIDENT & CEO (UNTIL JULY 2024) 197945 0 0 0 22029 0 4563 0 11106 0 235643 0 0 0 DAVID PRUNER TEX-E EXECUTIVE DIR(UNTIL SEPT 2024) 214166 0 0 0 1218 0 4646 0 14328 0 234358 0 0 0 JOUBIN HATAMZADEH CHIEF OPERATING OFFICER 221202 0 500 0 1509 0 6687 0 173 0 230071 0 0 0 JULIA TRAVAGLINI SVP, MARKETING & COMMUNICATIONS 170873 0 500 0 1338 0 5360 0 25863 0 203934 0 0 0 AISLING CARLSON SVP, PARTNERSHIPS 173188 0 500 0 1292 0 5447 0 23093 0 203520 0 0 0 TIMMEKO LOVE SVP & HEAD OF HOUSTON 170540 0 0 0 230 0 4561 0 10654 0 185985 0 0 0 MITCHELL BILCZEWSKI ASST. TREASURER & CONTROLLER 149096 0 500 0 1311 0 4606 0 9868 0 165381 0 0 0 GREG RALICH VP, LABS & SAFETY 131077 0 500 0 1285 0 0 0 18106 0 150968 0 0 0 PART I, LINE 7 SOME OFFICERS AND HIGHLY COMPENSATED EMPLOYEES REPORTED ON PART VII OF THE FORM 990 RECEIVED A DISCRETIONARY PERFORMANCE BONUS IN 2024. THE BONUSES ARE DETERMINED BASED ON THE MARKET RATE FOR SIMILAR ROLES AT OTHER SIMILAR ORGANIZATIONS. THE BONUS WAS APPROVED BY THE BOARD OF DIRECTORS. X TRAVEL VOUCHERS 1 120000 FAIR MARKET VALUE 0 0 0 0 PART I, COLUMN (B): THE NUMBER LISTED IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 3 INTERIM CFO SERVICES WERE PROVIDED BY SUZANNE OAKLEY. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED IN DECEMBER 2024 TO INCLUDE THE RIGHT FOR TWO ORGANIZATIONS TO EACH DESIGNATE ONE PERSON FOR ELECTION AS A DIRECTOR, PROVIDED THAT SUCH DESIGNEES SHALL BE REASONABLY ACCEPTABLE TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A TWO ORGANIZATIONS HAVE THE RIGHT TO EACH DESIGNATE ONE PERSON FOR ELECTION AS A DIRECTOR, PROVIDED THAT SUCH DESIGNEES SHALL BE REASONABLY ACCEPTABLE TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN EXTERNAL TAX FIRM. THE FINANCE COMMITTEE REVIEWS A DRAFT OF THE FORM 990 BEFORE FILING AND RAISES ANY QUESTIONS WITH THE TAX PREPARER. THE FULL BOARD RECEIVES A FINAL COPY OF THE FORM 990, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C INTERESTED PERSONS MUST DISCLOSE ANY TRANSACTION OR ARRANGEMENT WHICH RESULTS IN A CONFLICT OF INTEREST TO THE BOARD OR COMMITTEE OF WHICH THEY ARE A MEMBER. THE BOARD MEETS, REVIEWS, AND DISCUSSES ANY DISCLOSED CONFLICT OF INTEREST. THE APPROPRIATE DISCIPLINARY ACTIONS, AS DETERMINED BY THE BOARD, ARE TAKEN WITH RESPECT TO AN INTERESTED PERSON WHO HAS VIOLATED THE CONFLICT-OF-INTEREST POLICY. THIS APPLIES TO DIRECTORS, OFFICERS, KEY EMPLOYEES, OR COMMITTEE MEMBERS, AND ALL OTHERS WHO ARE PERMITTED TO VOTE AT BOARD OF DIRECTOR MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS USED A SEARCH FIRM TO CONDUCT A REVIEW OF THE CEO'S COMPENSATION, USING COMPARABLE MARKET DATA. THE CEO'S SALARY AND BENEFITS ARE DISCUSSED AND VOTED ON BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.