Greentown Collaborative
Greentown Collaborative reported $15.0 million in revenue and $16.6 million in expenses for calendar year 2024. Of every $100 it spent, $75.53 went to program services, $18.22 to management and general costs and $6.25 to fundraising. Its largest source of revenue was contributions and grants: 54.8% of the total. The highest compensation it reported for one person was $235,643 (PRESIDENT & CEO (UNTIL JULY 2024)). 17 people received more than $100,000 in reportable compensation. Revenue rose 1190% between 2021 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $17MFor context, the median across 371 covered environment charities: $85.82 programs, $10.80 management, $3.38 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $15MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.5% | 83.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.2% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.2% | 3.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.13 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 54.8% | 87.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.8% | 4.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 44.5% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $235,643 | $293,532 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.42% | 1.74% |
| People paid over $100,000 Part VII, line 2 | 17 | 7 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.5 | 18.8 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseAccelerating 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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO (UNTIL JULY 2024) Officer, 40.00 hrs/week | $219,974 | $0 | $15,669 | $235,643 |
| TEX-E EXECUTIVE DIR(UNTIL SEPT 2024) Highest compensated employee, 40.00 hrs/week | $215,384 | $0 | $18,974 | $234,358 |
| CHIEF OPERATING OFFICER Key employee, 40.00 hrs/week | $223,211 | $0 | $6,860 | $230,071 |
| SVP, MARKETING & COMMUNICATIONS Highest compensated employee, 40.00 hrs/week | $172,711 | $0 | $31,223 | $203,934 |
| SVP, PARTNERSHIPS Key employee, 40.00 hrs/week | $174,980 | $0 | $28,540 | $203,520 |
| SVP & HEAD OF HOUSTON Highest compensated employee, 40.00 hrs/week | $170,770 | $0 | $15,215 | $185,985 |
| ASST. TREASURER & CONTROLLER Officer, 40.00 hrs/week | $150,907 | $0 | $14,474 | $165,381 |
| VP, LABS & SAFETY Highest compensated employee, 40.00 hrs/week | $132,862 | $0 | $18,106 | $150,968 |
17 people received more than $100,000 in reportable compensation from Greentown Collaborative (Part VII, line 2). Compensation of current officers, directors and key employees totaled $975K (Part IX, line 5).
4 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 578
- Volunteers Part I, line 623
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Greentown Collaborative totaling $50,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Greentown Collaborative's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Greentown Collaborative, you can publish a response that is linked from this page.
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Of every $100 Greentown Collaborative spent in 2024, $75.53 went to programs. The full breakdown, from its IRS Form 990:
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All environment charities · Largest charities in Massachusetts
Questions people ask
How much of Greentown Collaborative's spending goes to programs?
In calendar year 2024, Greentown Collaborative reported that 75.5% of its $16.6 million in expenses went to program services, 18.2% to management and general and 6.2% to fundraising (Form 990, Part IX).
How much does Greentown Collaborative pay its top executive?
The largest total compensation Greentown Collaborative reported for one person in calendar year 2024 was $235,643, for the role of PRESIDENT & CEO (UNTIL JULY 2024) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Greentown Collaborative get its money?
Of $15.0 million in revenue in calendar year 2024, 54.8% came from contributions and grants (including 4.8% from government grants) and 44.5% from program service revenue (Form 990, Part VIII).
Is Greentown Collaborative a registered charity?
The IRS lists EIN 85-3807217 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543189349307929 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433109349302438 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333199349317023 · read the filing
- 2021: Form 990 for calendar year 2021, object 202212779349301401 · read the filing
All filings for EIN 85-3807217: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.