GREENLIGHT FUND INC: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- GREENLIGHT FUND INC (EIN 20-0407083)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-05-16
- IRS object ID
- 201121369349303522
- Schema version
- 2010v3.2
- Note
- A later return for the same period supersedes this one.
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-16T15:17:53-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALEXANDER ARONSON FINNING & CO PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 21 EAST MAIN STREET | AddressLine1 |
| City | WESTBOROUGH | City |
| State | MA | State |
| ZIP Code | 01581 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 200407083 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GREENLIGHT FUND INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GREE | NameControl |
| Phone | 6172522570 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 CANAL PARK | AddressLine1 |
| City | CAMBRIDGE | City |
| State | MA | State |
| ZIP Code | 02141 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARGARET HALL | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 6172522570 | Phone |
| Date Signed | 2011-05-11 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MATTHEW HUTT CPA | Name |
| Phone | 5083669100 | Phone |
| Date Prepared | 2011-05-06 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MARGARET HALL | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 CANAL PARK | AddressLine1 |
| City | CAMBRIDGE | City |
| State | MA | State |
| ZIP Code | 02141 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 1228643 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.GREENLIGHTFUND.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2003 | YearFormation |
| State Legal Domicile | MA | StateLegalDomicile |
| Activity Or Mission Description | THE GREENLIGHT FUND IDENTIFIES INNOVATIVE, RESULTS ORIENTED AND PROVEN NONPROFIT ORGANIZATIONS IN CITIES THROUGHOUT THE U.S. AND HELP SUPPORT THEIR SUCCESSFUL EXPANSION INTO THE LOCAL COMMUNITY WHEN THEY HAVE THE POTENTIAL TO HAVE A SIGNIFICANT IMPACT ON CRITICAL LOCAL ISSUES. THE GREENLIGHT SUPPORTS ORGANIZATIONS THAT ADDRESS URBAN ISSUES AFFECTING PRIMARILY LOW-INCOME FAMILIES AND CHILDREN IN KEY AREAS SUCH AS EDUCATION, YOUTH DEVELOPMENT, WORK FORCE DEVELOPMENT AND HEALTHCARE. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 6 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 3 | TotalNbrEmployees |
| Total Nbr Volunteers | 60 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1086044 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 820867 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 446 | InvestmentIncomePriorYear |
| Investment Income Current Year | 11461 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | -115596 | OtherRevenuePriorYear |
| Other Revenue Current Year | -66639 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 970894 | TotalRevenuePriorYear |
| Total Revenue Current Year | 765689 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 777975 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 779398 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 288406 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 210005 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 29765 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 65223 | OtherExpensePriorYear |
| Other Expenses Current Year | 66529 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1131604 | TotalExpensesPriorYear |
| Total Expenses Current Year | 1055932 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -160710 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -290243 | RevenuesLessExpensesCY |
| Total Assets BOY | 2139821 | TotalAssetsBOY |
| Total Assets EOY | 1864558 | TotalAssetsEOY |
| Total Liabilities BOY | 26498 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 41478 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2113323 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 1823080 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO AID IN THE FORMATION OF GROUNDBREAKING NONPROFIT MODELS IN THE LOCAL COMMUNITY WITH POTENTIAL FOR HIGH SOCIAL IMPACT AND TO INCREASE THE SPEED AND FORCE OF SUCCESSFUL REPLICATION OF SUCH NONPROFIT MODELS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 951724 | Expense |
| Grants | 779398 | Grants |
| Description | GREENLIGHT'S CORE PROGRAM INCLUDES THE FOLLOWING ACTIVITIES:- IDENTIFIES, VETS, SELECTS AND HELPS LAUNCH INNOVATIVE, RESULTS-ORIENTED PROGRAMS THAT HAVE BEEN PROVEN ELSEWHERE AND HAVE HIGH POTENTIAL TO MEET CRITICAL NEEDS IN THE BOSTON AREA WITH SIGNIFICANT IMPACT.- PROVIDES START-UP AND EARLY-STAGE FUNDING BETWEEN $600,000 AND $800,000 DURING THE FIRST FOUR YEARS OF THE INITIATIVES' LIVES IN THE BOSTON AREA. - INTRODUCES ORGANIZATIONS IT SUPPORTS TO POTENTIAL DONORS, BOARD MEMBERS, AND VOLUNTEERS AT SEVERAL EVENTS DURING THE ORGANIZATION'S EARLY YEARS OF OPERATION INCLUDING THE GREENLIGHT GALA, AN EMERALD EVENING, AND THE VC'S VS. ENTREPRENEURS GOLF TOURNAMENT. GREENLIGHT FOCUSES ON CONNECTING THE ORGANIZATIONS TO INDIVIDUALS FROM BOSTON'S VENTURE CAPITAL, HIGH TECH ENTREPRENEUR, AND PRIVATE EQUITY WORLDS.- LEVERAGES THE FINANCIAL PHILANTHROPIC INVESTMENT MADE BY GREENLIGHT AND DONORS BY WORKING CLOSELY WITH THE ORGANIZATIONS TO HELP HIRE TALENTED, LOCAL LEADERSHIP, BUILD A STRONG BOARD OF DIRECTORS, DEVELOP A STRONG AND DIVERSIFIED FUNDING BASE, AND EVALUATE PROGRESS AND RESULTS. SINCE ITS INCEPTION IN 2004, THE GREENLIGHT FUND HAS HELPED LAUNCH AND SUPPORT THE EXPANSION OF FOUR INITIATIVES INTO THE BOSTON AREA: FRIENDS OF THE CHILDREN-BOSTON, RAISING A READER-MASSACHUSETTS, PEER HEALTH EXCHANGE, AND YOUTH VILLAGES' TRANSITIONAL LIVING PROGRAM. THESE FOUR ORGANIZATIONS ARE NOW REACHING MORE THAN 12,000 LOW-INCOME CHILDREN, YOUTH AND FAMILIES. THE GREEN LIGHT FUND HAS HELD 13 EVENTS TO SHOWCASE AND BENEFIT THESE ORGANIZATIONS. IN 2010, GREENLIGHT HELD THREE OF THESE EVENTS TO SHOWCASE THESE ORGANIZATIONS TO MORE THAN 800 INDIVIDUALS AND COMPANIES PRIMARILY FROM THE VENTURE CAPITAL, PRIVATE EQUITY AND HIGH TECH ENTREPRENEUR COMMUNITIES IN BOSTON, RAISING A TOTAL OF APPROXIMATELY $961,000. | Description |
| Total Program Service Expense | 951724 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 0 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 11 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 3 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 0 | Form1098CFiled |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 6 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 1 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 0 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARGARET HALL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6172522570 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 CANAL PARK | AddressLine1 |
| City | CAMBRIDGE | City |
| State | MA | State |
| ZIP Code | 02141 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (6 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| MARGARET HALL | ||||||
| EXECUTIVE DIRECTOR/CLERK | 40.00 | X | X | 106759 | 0 | 8531 |
| 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 | |
| HEMANT TANEJA | ||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 106759 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 8531 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Fundraising Events | 564866 | FundraisingEvents |
| All Other Contributions | 256001 | AllOtherContributions |
| Total Contributions | 820867 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 11461 | TotalRevenueColumn |
| Exclusion | $11,461 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 396315 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 564866 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 462954 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -66639 | TotalRevenueColumn |
| Exclusion | -$66,639 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 765689 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | -$55,178 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 779398 | Total |
| Program Services | 779398 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 115291 | Total |
| Program Services | 97997 | ProgramServices |
| Management And General | 5765 | ManagementAndGeneral |
| Fundraising | 11529 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78780 | Total |
| Program Services | 34125 | ProgramServices |
| Management And General | 30959 | ManagementAndGeneral |
| Fundraising | 13696 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5618 | Total |
| Program Services | 853 | ProgramServices |
| Management And General | 3059 | ManagementAndGeneral |
| Fundraising | 1706 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10316 | Total |
| Program Services | 7455 | ProgramServices |
| Management And General | 800 | ManagementAndGeneral |
| Fundraising | 2061 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18714 | Total |
| Management And General | 18714 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2998 | Total |
| Program Services | 835 | ProgramServices |
| Management And General | 1883 | ManagementAndGeneral |
| Fundraising | 280 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23703 | Total |
| Program Services | 23026 | ProgramServices |
| Management And General | 430 | ManagementAndGeneral |
| Fundraising | 247 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6403 | Total |
| Program Services | 5850 | ProgramServices |
| Management And General | 450 | ManagementAndGeneral |
| Fundraising | 103 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2258 | Total |
| Management And General | 2258 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral | FundraisingFundraising | Program ServicesProgramServices |
|---|---|---|---|---|
| MISCELLANEOUS | 5530 | 5470 | 60 | |
| COMMUNICATIONS | 4008 | 3785 | 83 | 140 |
| DUES AND SUBSCRIPTIONS | 2507 | 462 | 2045 | |
| MINOR EQUIPMENT | 329 | 329 | ||
| BANK CHARGES | 79 | 79 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1055932 | Total |
| Program Services | 951724 | ProgramServices |
| Management And General | 74443 | ManagementAndGeneral |
| Fundraising | 29765 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 779326 | BOY |
| EOY | 668494 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1100000 | BOY |
| EOY | 1111461 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 256643 | BOY |
| EOY | 78890 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3852 | BOY |
| EOY | 5713 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2139821 | BOY |
| EOY | 1864558 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26498 | BOY |
| EOY | 41478 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26498 | BOY |
| EOY | 41478 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 131236 | BOY |
| EOY | 122164 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1982087 | BOY |
| EOY | 1700916 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2113323 | BOY |
| EOY | 1823080 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2139821 | BOY |
| EOY | 1864558 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -290243 | ReconcilationRevenueExpenses |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 614771 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1356344 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2320487 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1086044 | CurrentTaxYearMinus1Year |
| Current Tax Year | 820867 | CurrentTaxYear |
| Total | 6198513 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 614771 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1356344 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2320487 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1086044 | CurrentTaxYearMinus1Year |
| Current Tax Year | 820867 | CurrentTaxYear |
| Total | 6198513 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 2278917 | AmountsSubstContributorsTotal |
| Public Support Total170 | 3919596 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1192 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 930 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 913 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 446 | CurrentTaxYearMinus1Year |
| Current Tax Year | 11461 | CurrentTaxYear |
| Total | 14942 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | 446858 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 510377 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | -115596 | CurrentTaxYearMinus1Year |
| Current Tax Year | -66639 | CurrentTaxYear |
| Total | 775000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 6988455 | TotalSupport |
| Gross Receipts From Admissions Etc | 1394016 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.56090 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.59570 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
| Total Revenue | 765689 | TotalRevenue |
| Total Expenses | 1055932 | TotalExpenses |
| Excess Or Deficit For Year | -290243 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | -290243 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 799179 | TotRevenueEtcAuditedFinclStmt |
| Donated Srvc And Use Of Facilities | 33490 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 33490 | RevenueNotRptdF990 |
| Revenue Subtotal | 765689 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 765689 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 1089422 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 33490 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 33490 | ExpensesNotRptdF990 |
| Expenses Subtotal | 1055932 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 1055932 | TotalExpensesPerForm990 |
Schedule G IRS990ScheduleG
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | DINNER EVENT | NameOfEvent1 |
| Gross Receipts Event1 | 314535 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 124535 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 190000 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 0 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 0 | RentFacilityCostsEvent1 |
| Other Direct Expenses Event1 | 107082 | OtherDirectExpensesEvent1 |
| Name Of Event2 | DINNER EVENT | NameOfEvent2 |
| Gross Receipts Event2 | 393490 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 213415 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 180075 | GrossRevenueEvent2 |
| Other Direct Expenses Event2 | 232894 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 1 | TotalNumberOfOtherEvents |
| Gross Receipts Other Events | 253156 | GrossReceiptsOtherEvents |
| Charitable Contrib Other Events | 226916 | CharitableContribOtherEvents |
| Gross Revenue Other Events | 26240 | GrossRevenueOtherEvents |
| Other Direct Expenses Other Events | 122978 | OtherDirectExpensesOtherEvents |
| Gross Receipts Total | 961181 | GrossReceiptsTotal |
| Charitable Contributions Total | 564866 | CharitableContributionsTotal |
| Gross Revenue Total Events | 396315 | GrossRevenueTotalEvents |
| Other Direct Expenses Total Events | 462954 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 462954 | DirectExpenseSummaryEvents |
| Net Income Summary | -66639 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (4 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| RAISING A READER - MA | |||||||
| 9B HAMILTON PLACE 3RD FLOOR | BOSTON | MA | 02108 | 800297898 | 501(C)(3) | 133761 | GENERAL SUPPORT |
| FRIENDS OF THE CHILDREN - BOSTON | |||||||
| 555 ARMORY STREET | BOSTON | MA | 02130 | 201581289 | 501(C)(3) | 101425 | GENERAL SUPPORT |
| PEER HEALTH EXCHANGE CO SKADDEN ARPS SLATE MEAGHER & FLOM | |||||||
| ONE BEACON ST | BOSTON | MA | 02108 | 562374305 | 501(C)(3) | 232475 | GENERAL SUPPORT |
| YOUTH VILLAGE | |||||||
| 400 WEST CUMMINGS ROAD SUITE 5200 | WOBURN | MA | 01801 | 621652079 | 501(C)(3) | 311737 | GENERAL SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 4 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | OTHER INFORMATION: | Identifier |
| Return Reference | PART IV: | ReturnReference |
| Explanation | THE GREENLIGHT FUND MONITORS THE USE OF FUNDS GRANTED TO ORGANIZATIONS THROUGH ANNUAL REPORTS FROM THE ORGANIZATIONS. IN ADDITION, GREENLIGHT FUND REPRESENTATIVES (THE BOARD CHAIR AND/OR THE EXECUTIVE DIRECTOR) SERVE ON THE BOARDS OF DIRECTORS OF ALL NONPROFIT ORGANIZATIONS THAT RECEIVE FUNDS. AS BOARD MEMBERS OF FUNDED ORGANIZATIONS, THESE GREENLIGHT FUND REPRESENTATIVES REVIEW QUARTERLY FINANCIAL INFORMATION, ANNUAL AUDITED FINANCIAL STATEMENTS, AND ONGOING REPORTS ON PROGRAM RESULTS AND OUTCOMES. | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (5 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| MARGARET HALL | |||
| BOARD MEMBER | 232475 | THIS INDIVIDUAL IS ALSO A BOARD MEMBER OF A NON-PROFIT ORGANIZATION (PEER HEALTH EXCHANGE) THAT RECEIVED A GRANT FROM THE GREENLIGHT FUND, INC. CONSISTENT WITH GREENLIGHT FUNDS MISSION, THE FUNDING IS TOWARD EXPANSION OF THIS ORGANIZATION DURING THE START UP PHASE. | 0 |
| MARGARET HALL | |||
| BOARD MEMBER | 133761 | THIS INDIVIDUAL IS ALSO A BOARD MEMBER OF A NON-PROFIT ORGANIZATION (RAISING A READER-MA) THAT RECEIVED A GRANT FROM THE GREENLIGHT FUND, INC. CONSISTENT WITH GREENLIGHT FUNDS MISSION, THE FUNDING IS TOWARD EXPANSION OF THIS ORGANIZATION DURING THE START UP PHASE. | 0 |
| MARGARET HALL | |||
| BOARD MEMBER | 311736 | THIS INDIVIDUAL IS ALSO A BOARD MEMBER OF A NON-PROFIT ORGANIZATION (YOUTH VILLAGE) THAT RECEIVED A GRANT FROM THE GREENLIGHT FUND, INC. CONSISTENT WITH GREENLIGHT FUNDS MISSION, THE FUNDING IS TOWARD EXPANSION OF THIS ORGANIZATION DURING THE START UP PHASE. | 0 |
| MARGARET HALL | |||
| BOARD MEMBER | 101425 | THIS INDIVIDUAL IS ALSO A BOARD MEMBER OF A NON-PROFIT ORGANIZATION (FRIENDS OF THE CHILDREN-BOSTON) THAT RECEIVED A GRANT FROM THE GREENLIGHT FUND, INC. CONSISTENT WITH GREENLIGHT FUNDS MISSION, THE FUNDING IS TOWARD EXPANSION OF THIS ORGANIZATION DURING THE START UP PHASE. | 0 |
| JOHN SIMON | |||
| BOARD MEMBER | 101425 | THIS INDIVIDUAL IS ALSO A BOARD MEMBER OF A NON-PROFIT ORGANIZATION (FRIENDS OF THE CHILDREN-BOSTON) THAT RECEIVED A GRANT FROM THE GREENLIGHT FUND, INC. CONSISTENT WITH GREENLIGHT FUNDS MISSION, THE FUNDING IS TOWARD EXPANSION OF THIS ORGANIZATION DURING THE START UP PHASE. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART XI, LINE 2C: | THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS HAS NOT CHANGED FROM THE PRIOR YEAR. | |
| THE ORGANIZATION AMENDED ITS BY LAWS ON NOVEMEBER 2, 2010 TO ALLOW FOR CONSENT OF DIRECTORS BY ELECTRONIC TRANSMISSION. | FORM 990, PART VI, SECTION A, LINE 4 | |
| GREENLIGHT FUND DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. | FORM 990, PART VI, SECTION A, LINE 8B | |
| 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 11 | |
| 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 EXECUTIVE DIRECTOR WAS BASED ON COMPARABILITY DATA AT THE DATE OF HIRE AND WILL BE REVIEWED, BASED ON COMPARABILITY DATA, EVERY FIVE YEARS. EACH YEAR THE BOARD CHAIRMAN REVIEWS THE EXECUTIVE DIRECTOR SALARY AND APPROVES THE NEXT YEAR'S SALARY DURING THE ANNUAL PERFORMANCE REVIEW. | |
| 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. |
Comments