2011-05-16T15:17:53-05:00 2010-12-31 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2010-01-01 200407083 GREENLIGHT FUND INC GREE 6172522570 2 CANAL PARK CAMBRIDGE MA 02141 MARGARET HALL 6172522570 2011-05-11 1 MATTHEW HUTT CPA 5083669100 2011-05-06 2010 2016-02-24 21:20:13Z MARGARET HALL 2 CANAL PARK CAMBRIDGE MA 02141 1228643 0 X WWW.GREENLIGHTFUND.ORG X 2003 MA 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. 6 5 3 60 0 0 1086044 820867 0 0 446 11461 -115596 -66639 970894 765689 777975 779398 0 0 288406 210005 0 0 29765 65223 66529 1131604 1055932 -160710 -290243 2139821 1864558 26498 41478 2113323 1823080 X 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. 0 0 951724 779398 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. 951724 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 11 0 3 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 6 5 0 0 1 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 MA X X MARGARET HALL 6172522570 2 CANAL PARK CAMBRIDGE MA 02141 MARGARET HALL 40.00 X X 106759 0 8531 JOHN SIMON 5.00 X X 0 0 0 MICHAEL DANZIGER 1.00 X X 0 0 0 ANDREW B HAHN 1.00 X 0 0 0 MICHELE JOLIN 1.00 X 0 0 0 HEMANT TANEJA 1.00 X 0 0 0 106759 0 8531 1 0 0 0 0 564866 256001 820867 11461 11461 396315 564866 462954 -66639 -66639 765689 0 0 -55178 779398 779398 115291 97997 5765 11529 78780 34125 30959 13696 5618 853 3059 1706 10316 7455 800 2061 18714 18714 2998 835 1883 280 23703 23026 430 247 6403 5850 450 103 2258 2258 MISCELLANEOUS 5530 5470 60 COMMUNICATIONS 4008 140 3785 83 DUES AND SUBSCRIPTIONS 2507 2045 462 MINOR EQUIPMENT 329 329 BANK CHARGES 79 79 1055932 951724 74443 29765 779326 668494 1100000 1111461 256643 78890 3852 5713 2139821 1864558 26498 41478 26498 41478 X 131236 122164 1982087 1700916 2113323 1823080 2139821 1864558 -290243 X 0 1 1 X 0 X 614771 1356344 2320487 1086044 820867 6198513 614771 1356344 2320487 1086044 820867 6198513 2278917 3919596 1192 930 913 446 11461 14942 446858 510377 -115596 -66639 775000 6988455 1394016 0.56090 0.59570 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 765689 1055932 -290243 0 -290243 799179 33490 33490 765689 0 765689 1089422 33490 33490 1055932 0 1055932 DINNER EVENT 314535 124535 190000 0 0 0 107082 DINNER EVENT 393490 213415 180075 232894 1 253156 226916 26240 122978 961181 564866 396315 462954 462954 -66639 1 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 4 0 OTHER INFORMATION: PART IV: 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. 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 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. FORM 990, PART VI, SECTION A, LINE 4 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 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 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.