2015-11-04T07:42:47-06:00 2014-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2014-01-01 200407083 GREENLIGHT FUND INC GREE 6179128980 200 CLARENDON STREET 29TH FLOOR BOSTON MA 02116 MARGARET HALL NATIONAL EXECUTIVE DIRECTOR 6179128981 2015-11-02 1 MATTHEW HUTT CPA P01070603 5083669100 2015-11-02 2014 2016-03-07 17:11:31Z X MARGARET HALL 200 CLARENDON STREET 29TH FLOOR BOSTON MA 02116 3411153 0 X WWW.GREENLIGHTFUND.ORG X 2003 MA THE 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. 5 4 11 57 0 0 2367062 3027881 0 0 5102 5528 -146970 -255834 2225194 2777575 1223805 1798388 0 0 640883 684098 0 0 99409 376705 450820 2241393 2933306 -16199 -155731 3725174 3487113 317516 235186 3407658 3251927 X THE 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. 0 0 800719 500000 TO MEET ITS MISSION IN THE THREE CITIES WHERE IT OPERATES, THE GREENLIGHT FUND DOES THE FOLLOWING:- RUNS AN ANNUAL PROCESS TO IDENTIFY CRITICAL COMMUNITY NEEDS; SEARCH THE COUNTRY TO FIND INNOVATIVE, RESULTS-ORIENTED NONPROFIT APPROACHES TO MEETING NEEDS; CONDUCT RIGOROUS DILIGENCE ON THESE NONPROFITS TO UNDERSTAND THEIR OUTCOMES, REVENUE MODEL, REPLICABILITY, AND POTENTIAL FIT ON THE LOCAL LANDSCAPE; AND SELECT 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 AND YEAR UP INTO THE CITY. IN 2014, GREENLIGHT PHILADELPHIA RAN ITS THIRD SELECTION PROCESS.SINCE 2012 WHEN IT WAS FOUNDED IN THE SAN FRANCISCO BAY AREA, GREENLIGHT BAY AREA HAS SUPPORTED GENESYS WORKS AND UASPIRE INTO THE AREA. IN 2014, GREENLIGHT BAY AREA RAN ITS THIRD SELECTION PROCESS.ACROSS GREENLIGHT'S THREE LOCATIONS, IN 2014 GREENLIGHT-SUPPORTED ORGANIZATIONS REACHED 50,000 CHILDREN, YOUTH AND FAMILIES WITH THEIR INNOVATIVE PROGRAMS THAT ARE ACHIEVING MEASURABLE RESULTS IN THEIR EFFORTS TO TRANSFORM LIVES. 1804640 1298388 THE GREENLIGHT FUND'S SOCIAL INNOVATION FUND (SIF) INITIATIVE AIMS TO ADDRESS THE ACHIEVEMENT AND OPPORTUNITY GAP FOR LOW-INCOME CHILDREN AND YOUTH IN THE THREE COMMUNITIES WHERE WE ARE LOCATED: 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 IN THESE COMMUNITIES 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 ONE OF OUR THREE LOCATIONS 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. 2605359 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 11 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MA PA CA X MARGARET HALL 6179128980 200 CLARENDON STREET BOSTON MA 02116 MARGARET HALL NATIONAL EXECUTIVE DIRECTO 40.00 X X 126217 0 9200 JOHN SIMON CHAIRPERSON 5.00 X X 0 0 0 MICHAEL DANZIGER TREASURER 1.00 X X 0 0 0 ANDREW B HAHN BOARD MEMBER 1.00 X 0 0 0 MICHELE JOLIN BOARD MEMBER 1.00 X 0 0 0 126217 0 9200 1 0 0 0 0 676140 839854 1511887 3027881 5528 5528 377744 676140 633578 -255834 -255834 2777575 0 0 -250306 1798388 1798388 120854 102726 6043 12085 491521 304609 129870 57042 32863 19511 8515 4837 38860 27522 5631 5707 20141 5000 15141 208791 201297 7494 10924 3740 6731 453 4750 1585 3030 135 30197 20257 6273 3667 90574 86580 2308 1686 28062 22668 970 4424 26845 26845 MISCELLANEOUS 12689 624 12065 COMMUNICATIONS 8682 5926 1997 759 MINOR EQUIPMENT 5071 3519 1552 DUES AND SUBSCRIPTIONS 4094 1407 1567 1120 2933306 2605359 228538 99409 2022884 1287363 1116861 1117688 781000 562091 284316 23338 16746 3725174 3487113 86880 104066 230636 131120 317516 235186 X 471095 520881 2936563 2731046 3407658 3251927 3725174 3487113 -155731 0 X X 0 1 X 1 1 1 X 820867 2630793 1154201 2367062 3027881 10000804 820867 2630793 1154201 2367062 3027881 10000804 3289453 6711351 11461 4265 3819 5102 5528 30175 10030979 -230131 0.66910 0.63230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2815456 37881 37881 2777575 0 2777575 2971187 37881 37881 2933306 0 2933306 PART X, LINE 2: THE 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 FUND HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT DECEMBER 31, 2014. 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. DINNER EVENT 418644 302488 116156 16500 65601 11650 205180 GOLF EVENT 252975 234054 18921 35558 92368 3 382265 139598 242667 500 50016 7500 148706 1053884 676140 377744 17000 151175 19150 446254 633579 -255835 1 FAMILY INDEPENDENCE INITIATIVE 1203 PRESERVATION PARKWAY SUITE 100 100 OAKLAND CA 94612 020784790 501 (C)(3) 200000 GENERAL SUPPORT SINGLE STOP USA 1825 PARK AVENUE SUITE 503 NEW YORK NY 10035 208337690 501 (C)(3) 291976 GENERAL SUPPORT NEW TEACHER CENTER 725 FRONT ST SUITE 400 SANTA CRUZ CA 95060 262427526 501 (C)(3) 200000 GENERAL SUPPORT BLUEPRINT SCHOOLS 61 CHAPEL STREET NEWTON MA 02458 274199289 501 (C)(3) 179351 GENERAL SUPPORT GENESYS WORKS 601 JEFFERSON STREET HOUSTON TX 77002 030440761 501 (C)(3) 218934 GENERAL SUPPORT UASPIRE 31 ST JAMES AVENUE SUITE 520 BOSTON MA 02116 043564307 501 (C)(3) 217204 GENERAL SUPPORT YEAR UP 93 SUMMER STREET BOSTON MA 02110 043534407 501 (C)(3) 301595 GENERAL SUPPORT NCAC 301 W BARBEE CHAPEL ROAD SUITE 100 CHAPEL HILL NC 27517 566001393 501 (C)(3) 189328 GENERAL SUPPORT FORM 990, SCHEDULE I, PART II THE 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. FORM 990, PART VI, SECTION A, LINE 8B GREENLIGHT FUND DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE 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 12C BOARD 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 15A COMPENSATION 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 GREENLIGHT FUND'S OTHER OFFICERS AND KEY EMPLOYEES AND APPROVES THEIR SALARIES FOR THE NEXT YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE 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 2014.