GREENLIGHT FUND INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
GREENLIGHT FUND INC (EIN 20-0407083)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-05-10
IRS object ID
201611319349301276
Schema version
2015v2.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-05-10T10:38:38-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN042571780PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ALEXANDER ARONSON FINNING & CO PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line121 EAST MAIN STREETAddressLine1Txt
CityWESTBOROUGHCityNm
State AbbreviationMAStateAbbreviationCd
ZIP01581ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN200407083EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GREENLIGHT FUND INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGREEBusinessNameControlTxt
Phone6179128980PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 CLARENDON STREET 44TH FLOORAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02116ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARGARET HALLPersonNm
Person TitleNATIONAL EXECUTIVE DIRECTORPersonTitleTxt
Phone6179128981PhoneNum
Signature2016-05-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMATTHEW HUTT CPAPreparerPersonNm
PTINP01070603PTIN
Phone5083669100PhoneNum
Preparation2016-05-04PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-09-27 15:27:22ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Principal OfficerMARGARET HALLPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 CLARENDON STREET 44TH FLOORAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02116ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$4,863,959GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.GREENLIGHTFUND.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2003FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTHE GREENLIGHT FUND TRANSFORMS THE LIVES OF CHILDREN AND FAMILIES IN HIGH-POVERTY URBAN AREAS BY CREATING INFRASTRUCTURE AND A CONSISTENT ANNUAL PROCESS IN CITIES TO IDENTIFY CRITICAL NEEDS, IMPORT INNOVATIVE ENTREPRENEURIAL PROGRAMS THAT CAN HAVE A SIGNIFICANT AND MEASURABLE IMPACT, AND GALVANIZE LOCAL AND NATIONAL SUPPORT TO HELP PROGRAMS REACH AND SUSTAIN IMPACT IN THE NEW CITY.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee14TotalEmployeeCnt
Total Volunteers43TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$3,027,881PYContributionsGrantsAmt
CY Contributions Grants$4,267,995CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$5,528PYInvestmentIncomeAmt
CY Investment Income$550CYInvestmentIncomeAmt
PY Other Revenue-$255,834PYOtherRevenueAmt
CY Other Revenue$52,127CYOtherRevenueAmt
PY Total Revenue$2,777,575PYTotalRevenueAmt
CY Total Revenue$4,320,672CYTotalRevenueAmt
PY Grants And Similar Paid$1,798,388PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,071,150CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$684,098PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$825,869CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$174,531CYTotalFundraisingExpenseAmt
PY Other Expenses$450,820PYOtherExpensesAmt
CY Other Expenses$521,223CYOtherExpensesAmt
PY Total Expenses$2,933,306PYTotalExpensesAmt
CY Total Expenses$3,418,242CYTotalExpensesAmt
PY Revenues Less Expenses-$155,731PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$902,430CYRevenuesLessExpensesAmt
Total Assets BOY$3,487,113TotalAssetsBOYAmt
Total Assets EOY$4,505,990TotalAssetsEOYAmt
Total Liabilities BOY$235,186TotalLiabilitiesBOYAmt
Total Liabilities EOY$351,633TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,251,927NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,154,357NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE GREENLIGHT FUND TRANSFORMS THE LIVES OF CHILDREN AND FAMILIES IN HIGH-POVERTY URBAN AREAS BY CREATING INFRASTRUCTURE AND A CONSISTENT ANNUAL PROCESS IN CITIES TO IDENTIFY CRITICAL NEEDS, IMPORT INNOVATIVE ENTREPRENEURIAL PROGRAMS THAT CAN HAVE A SIGNIFICANT AND MEASURABLE IMPACT, AND GALVANIZE LOCAL AND NATIONAL SUPPORT TO HELP PROGRAMS REACH AND SUSTAIN IMPACT IN THE NEW CITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$908,119ExpenseAmt
Grant$460,000GrantAmt
DescTO MEET ITS MISSION IN THE FOUR 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 PROVIDES AROUND $600,000 OVER ORGANIZATIONS' 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 NINE ORGANIZATIONS INTO BOSTON: FRIENDS OF THE CHILDREN-BOSTON, RAISING A READER-MASSACHUSETTS, PEER HEALTH EXCHANGE, YOUTH VILLAGES' LIFESET PROGRAM, THE FAMILY INDEPENDENCE INITIATIVE, SINGLE STOP USA, THE NEW TEACHER CENTER, COLLEGE ADVISING CORPS AND BLUEPRINT SCHOOLS NETWORK.SINCE 2012 WHEN IT WAS ESTABLISHED IN PHILADELPHIA, GREENLIGHT PHILADELPHIA HAS IMPORTED SINGLE STOP USA, YEAR UP, CENTER FOR EMPLOYMENT OPPORTUNITY, AND PARENT CHILD HOME PROGRAM INTO THE CITY.SINCE 2012 WHEN IT WAS FOUNDED IN THE SAN FRANCISCO BAY AREA, GREENLIGHT BAY AREA HAS SUPPORTED GENESYS WORKS,UASPIRE, AND SPRINGBOARD COLLABORATIVE INTO THE AREA. IN 2015 THE GREENLIGHT FUND LAUNCHED ITS 4TH SITE; CINCINNATI. GREENLIGHT CINCINNATI WILL RUN ITS FIRST SELECTION PROCESS IN 2016.ACROSS THE GREENLIGHT FUND'S FOUR LOCATIONS, IN 2015 GREENLIGHT-SUPPORTED ORGANIZATIONS REACHED 55,000 CHILDREN, YOUTH AND FAMILIES WITH THEIR INNOVATIVE PROGRAMS THAT ARE ACHIEVING MEASURABLE RESULTS IN THEIR EFFORTS TO TRANSFORM LIVES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$2,013,113ExpenseAmt
Grant$1,611,150GrantAmt
DescTHE GREENLIGHT FUND'S SOCIAL INNOVATION FUND (SIF) INITIATIVE AIMS TO ADDRESS THE ACHIEVEMENT AND OPPORTUNITY GAP FOR LOW-INCOME CHILDREN AND YOUTH IN THREE OF GREENLIGHT'S SITES: BOSTON, PHILADELPHIA, AND THE SAN FRANCISCO BAY AREA. BY PARTNERING WITH SIX EXCEPTIONAL NONPROFIT ORGANIZATIONS, OUR GOAL IS TO CHANGE THE LIFE TRAJECTORIES OF CHILDREN AND YOUTH WHO ARE TOO OFTEN OVERLOOKED AND LEFT BEHIND BY OUR EDUCATION SYSTEM AND ECONOMY.SELECTED THROUGH A COMPETITIVE PROCESS, GREENLIGHT'S SIF INITIATIVE PORTFOLIO ORGANIZATIONS DEMONSTRATE EVIDENCE OF IMPACT ON THE FOLLOWING OUTCOMES FOR LOW-INCOME CHILDREN AND YOUTH:1. IMPROVED SCHOOL PERSISTENCE AND ACADEMIC ACHIEVEMENT2. INCREASED HIGH SCHOOL GRADUATION AND GED ATTAINMENT3. INCREASED COLLEGE ACCESS AND PERSISTENCEGREENLIGHT'S SIF PORTFOLIO ORGANIZATIONS, OR SUBGRANTEES ARE:SAN FRANCISCO BAY AREA:- GENESYS WORKS- UASPIREBOSTON:- BLUEPRINT SCHOOLS NETWORK- COLLEGE ADVISING CORPSPHILADELPHIA:- SINGLE STOP- YEAR UPGREENLIGHT'S SIF INITIATIVE HAS AWARDED EACH PORTFOLIO ORGANIZATION BETWEEN $1 AND $1.3 MILLION OVER FIVE YEARS TO SUPPORT THEIR EXPANSION INTO BOSTON, PHILADELPHIA, OR THE SAN FRANCISCO BAY AREA AND UNDERTAKE A RIGOROUS EVALUATION TO ADVANCE THEIR LEVEL OF EVIDENCE AND GROW THEIR IMPACT.GREENLIGHT'S SIF INITIATIVE HAS BEEN MADE POSSIBLE THROUGH A 2012 GRANT FROM THE FEDERAL SOCIAL INNOVATION FUND. ESTABLISHED IN APRIL 2009 BY THE EDWARD M. KENNEDY SERVE AMERICA ACT, THE SOCIAL INNOVATION FUND IS A COMPETITIVE GRANT PROGRAM HOUSED AT THE CORPORATION FOR NATIONAL AND COMMUNITY SERVICE.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,921,232TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document17IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee14EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldPAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARGARET HALLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6179128980PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 CLARENDON STREETAddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02116ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
MARGARET HALL
NATIONAL EXECUTIVE DIRECTOR40.00Yes (X)Yes (X)$127,273$0$9,361
JOHN SIMON
CHAIRPERSON5.00Yes (X)Yes (X)$0$0$0
MICHAEL DANZIGER
TREASURER1.00Yes (X)Yes (X)$0$0$0
ANDREW B HAHN
BOARD MEMBER1.00Yes (X)$0$0$0
MICHELE JOLIN
BOARD MEMBER1.00Yes (X)$0$0$0
PAUL CARTTAR
BOARD MEMBER1.00Yes (X)$0$0$0
ANNE LOVETT
BOARD MEMBER1.00Yes (X)$0$0$0
KERRY SULLIVAN
BOARD MEMBER1.00Yes (X)$0$0$0
MATTHEW JOYCE
EXECUTIVE DIRECTOR PHILADELPHIA40.00$102,159$0$0Yes (X)
CASEY JOHNSON
EXECUTIVE DIRECTOR BAY AREA40.00$102,182$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$331,614TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$9,361TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$550,707FundraisingAmt
Government Grants$1,021,070GovernmentGrantsAmt
All Other Contributions$2,696,218AllOtherContributionsAmt
Total Contributions$4,267,995TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$550TotalRevenueColumnAmt
Exclusion$550ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$595,414FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$550,707ContriRptFundraisingEventAmt
Fundraising Direct Expenses$543,287FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$52,127TotalRevenueColumnAmt
Exclusion$52,127ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,320,672TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$52,677ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,071,150TotalAmt
Program Services$2,071,150ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$136,949TotalAmt
Program Services$116,407ProgramServicesAmt
Management And General$13,695ManagementAndGeneralAmt
Fundraising$6,847FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$600,932TotalAmt
Program Services$309,638ProgramServicesAmt
Management And General$200,259ManagementAndGeneralAmt
Fundraising$91,035FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$41,587TotalAmt
Program Services$21,520ProgramServicesAmt
Management And General$12,851ManagementAndGeneralAmt
Fundraising$7,216FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$46,401TotalAmt
Program Services$26,668ProgramServicesAmt
Management And General$12,042ManagementAndGeneralAmt
Fundraising$7,691FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$300TotalAmt
Management And General$300ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$28,483TotalAmt
Program Services$5,000ProgramServicesAmt
Management And General$23,483ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$237,780TotalAmt
Program Services$211,730ProgramServicesAmt
Fundraising$26,050FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,546TotalAmt
Program Services$5,081ProgramServicesAmt
Management And General$1,176ManagementAndGeneralAmt
Fundraising$289FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$3,656TotalAmt
Program Services$1,947ProgramServicesAmt
Management And General$960ManagementAndGeneralAmt
Fundraising$749FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$41,754TotalAmt
Program Services$24,490ProgramServicesAmt
Management And General$8,774ManagementAndGeneralAmt
Fundraising$8,490FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$90,965TotalAmt
Program Services$89,324ProgramServicesAmt
Fundraising$1,641FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$51,219TotalAmt
Program Services$26,891ProgramServicesAmt
Management And General$1,382ManagementAndGeneralAmt
Fundraising$22,946FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$30,163TotalAmt
Management And General$30,163ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
COMMUNICATIONS$10,593$6,658$2,358$1,577
MISCELLANEOUS$9,680$700$8,980
MINOR EQUIPMENT$5,942$2,815$3,127
DUES AND SUBSCRIPTIONS$4,142$1,213$2,929

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$3,418,242TotalAmt
Program Services$2,921,232ProgramServicesAmt
Management And General$322,479ManagementAndGeneralAmt
Fundraising$174,531FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,287,363BOYAmt
EOY$921,194EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,117,688BOYAmt
EOY$1,118,239EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$781,000BOYAmt
EOY$1,834,606EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$284,316BOYAmt
EOY$593,506EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$19,250LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$19,250EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$16,746BOYAmt
EOY$19,195EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,487,113BOYAmt
EOY$4,505,990EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$104,066BOYAmt
EOY$153,829EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$131,120BOYAmt
EOY$197,804EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$235,186BOYAmt
EOY$351,633EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$520,881BOYAmt
EOY$940,641EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,731,046BOYAmt
EOY$3,213,716EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,251,927BOYAmt
EOY$4,154,357EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,487,113BOYAmt
EOY$4,505,990EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$902,430ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,630,793CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,154,201CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,367,062CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,027,881CurrentTaxYearMinus1YearAmt
Current Tax Year$4,267,995CurrentTaxYearAmt
Total$13,447,932TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,630,793CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,154,201CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,367,062CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,027,881CurrentTaxYearMinus1YearAmt
Current Tax Year$4,267,995CurrentTaxYearAmt
Total$13,447,932TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,719,803SubstantialContributorsTotAmt
Public Support Total170$9,728,129PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,265CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,819CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$5,102CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,528CurrentTaxYearMinus1YearAmt
Current Tax Year$550CurrentTaxYearAmt
Total$19,264TotalAmt
FieldValueIRS element (for citing)
Total Support$13,467,196TotalSupportAmt
Gross Receipts Rltd Activities-$244,643GrossReceiptsRltdActivitiesAmt
Public Support CY1700.72240PublicSupportCY170Pct
Public Support PY1700.66910PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$19,250OtherCostOrOtherBasisAmt
Book Value$19,250BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$19,250TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$4,347,028TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$26,356DonatedServicesAndUseFcltsAmt
Revenue Not Reported$26,356RevenueNotReportedAmt
Revenue Subtotal$4,320,672RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$4,320,672TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$3,444,598TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$26,356DonatedServicesUseFcltsAmt
Expenses Not Reported$26,356ExpensesNotReportedAmt
Expenses Subtotal$3,418,242ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$3,418,242TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE GREENLIGHT FUND ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE GREENLIGHT FUND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2015. THE FUND'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS.ExplanationTxt

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1EMERALD EVEEvent1Nm
Gross Receipts Event1$539,731GrossReceiptsEvent1Amt
Charitable Contri Event1$281,731CharitableContriEvent1Amt
Gross Revenue Event1$258,000GrossRevenueEvent1Amt
Rent Facility Costs Event1$10,712RentFacilityCostsEvent1Amt
Food And Beverage Event1$78,346FoodAndBeverageEvent1Amt
Entertainment Event1$50,190EntertainmentEvent1Amt
Other Direct Expenses Event1$45,508OtherDirectExpensesEvent1Amt
Event2GOLF EVENTEvent2Nm
Gross Receipts Event2$182,345GrossReceiptsEvent2Amt
Charitable Contri Event2$154,880CharitableContriEvent2Amt
Gross Revenue Event2$27,465GrossRevenueEvent2Amt
Entertainment Event2$40,843EntertainmentEvent2Amt
Other Direct Expenses Event2$10,354OtherDirectExpensesEvent2Amt
Other Events Total4OtherEventsTotalCnt
Gross Receipts Other Events$424,045GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$114,096CharitableContriOtherEventsAmt
Gross Revenue Other Events$309,949GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$27,966RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$47,798FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events$231,570OthDirectExpnssOtherEventsAmt
Gross Receipts Total$1,146,121GrossReceiptsTotalAmt
Charitable Contributions Tot$550,707CharitableContributionsTotAmt
Gross Revenue Total Events$595,414GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$38,678RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$126,144FoodAndBeverageTotalEventsAmt
Entertainment Total Events$91,033EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$287,432OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$543,287DirectExpenseSummaryEventsAmt
Net Income Summary$52,127NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (10 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
BOSTON UNIVERSITY PAFO
25 BUICK STREETBOSTONMA02115042103547501 (C)(3)$109,837GENERAL SUPPORT
SINGLE STOP USA
1825 PARK AVENUE SUITE 503NEW YORKNY10035208337690501 (C)(3)$255,148GENERAL SUPPORT
NEW TEACHER CENTER
725 FRONT ST SUITE 400SANTA CRUZCA95060262427526501 (C)(3)$60,000GENERAL SUPPORT
THE CENTER FOR EMPLOYMENT OPPORTUNITIES
50 BROADWAY SUITE 1604NEW YORKNY10004133843322501 (C)(3)$200,000GENERAL SUPPORT
SPRINGBOARD COLLABORATIVE
1701 WALNUT ST 7TH FLPHILADEPLPHIAPA19103453719806501 (C)(3)$150,000GENERAL SUPPORT
BLUEPRINT SCHOOLS
61 CHAPEL STREETNEWTONMA02458274199289501 (C)(3)$288,900GENERAL SUPPORT
GENESYS WORKS
601 JEFFERSON STREETHOUSTONTX77002030440761501 (C)(3)$277,808GENERAL SUPPORT
UASPIRE
31 ST JAMES AVENUE SUITE 520BOSTONMA02116043564307501 (C)(3)$312,077GENERAL SUPPORT
YEAR UP
93 SUMMER STREETBOSTONMA02110043534407501 (C)(3)$234,715GENERAL SUPPORT
NCAC
301 W BARBEE CHAPEL ROAD SUITE 100CHAPEL HILLNC27517566001393501 (C)(3)$182,665GENERAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org10Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990, SCHEDULE I, PART IIFormAndLineReferenceDesc
ExplanationTHE GREENLIGHT FUND MONITORS THE USE OF FUNDS GRANTED TO ORGANIZATIONS THROUGH AN ANNUAL REVIEW IT CONDUCTS WITH ITS GRANTEES AS WELL REGULAR MEETINGS WITH LOCAL LEADERSHIP. IN ADDITION, THE LOCAL GREENLIGHT FUND EXECUTIVE DIRECTORS SERVE ON THE LOCAL BOARDS OF DIRECTORS OR BOARDS OF ADVISORS OF ORGANIZATIONS THAT RECEIVE FUNDS IN THEIR LOCATIONS. AS BOARD MEMBERS OF NONPROFITS THAT RECEIVE FUNDS, THE EXECUTIVE DIRECTORS REVIEW QUARTERLY FINANCIAL INFORMATION, ANNUAL AUDITED FINANCIAL STATEMENTS AND ONGOING REPORTS ON PROGRAM RESULTS AND OUTCOMES. FOR ITS SOCIAL INNOVATION FUND-FUNDED GRANTEES, THE GREENLIGHT FUND FOLLOWS FEDERAL AND CORPORATION FOR NATIONAL AND COMMUNITY SERVICE REQUIREMENTS FOR MONITORING AND REPORTING FINANCIAL AND PROGRAMMATIC INFORMATION. FOR THESE GRANTEES, GREENLIGHT COLLECTS DATA ON FINANCES, PROGRAM RESULTS AND FEDERAL GRANT COMPLIANCE REQUIREMENTS EVERY QUARTER AND CONDUCTS SITE VISITS AT LEAST ONCE A YEAR.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BGREENLIGHT FUND DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS AND THE BOARD CHAIRMAN REVIEWS A COPY OF THE 990 BEFORE IT IS FILED.
FORM 990, PART VI, SECTION B, LINE 12CBOARD MEMBERS REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY WHEN THEY JOIN THE BOARD AND ANNUALLY ALL BOARD MEMBERS REVIEW AND SIGN THE POLICY AS PART OF THE ANNUAL MEETING.
FORM 990, PART VI, SECTION B, LINE 15ACOMPENSATION OF THE NATIONAL EXECUTIVE DIRECTOR WAS BASED ON COMPARABILITY DATA AT THE DATE OF HIRE AND IS REVIEWED, BASED ON COMPARABILITY DATA, EVERY FIVE YEARS. EACH YEAR THE BOARD CHAIRMAN REVIEWS THE NATIONAL EXECUTIVE DIRECTOR SALARY AND APPROVES THE NEXT YEAR'S SALARY DURING THE ANNUAL PERFORMANCE REVIEW. THE NATIONAL EXECUTIVE DIRECTOR REVIEWS THE COMPENSATION OF THE GREENLIGHT FUND'S OTHER OFFICERS AND KEY EMPLOYEES AND APPROVES THEIR SALARIES FOR THE NEXT YEAR.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ALL LEGALLY REQUIRED DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER DOCUMENTS INCLUDING GOVERNING POLICIES AND FINANCIAL STATEMENTS ARE CONSIDERED AND PROVIDED UPON REQUEST ON A CASE-BY-CASE BASIS.
FORM 990, PART XII, LINE 2C:THE BOARD OF DIRECTORS OVERSEES THE AUDIT PROCESS. THERE WERE NO CHANGES TO THE OVERSIGHT PROCESS DURING 2015.

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