Form 990 for tax year 2022

Totals

Total revenue

$2,538,411

Total expenses

$2,597,517

Contributions and grants received

$2,784,048

Grants paid

$467,410

Program service revenue

$0

Investment income

$14,533

Other revenue

-$260,170

Total assets, end of year

$3,376,972

Total liabilities, end of year

$450,248

Net assets or fund balances, end of year

$2,926,724

Program services expenses (Part IX)

$2,103,115

Management and general expenses

$195,988

Fundraising expenses

$298,414

Program service expenses (Part III)

$2,103,115

Program services were 81.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• FINANCIAL SUPPORT: SCHOLARS ARE PROVIDED WITH TUITION SCHOLARSHIP AWARDS, AS WELL AS FLEX FUNDING GRANTS THEY CAN PUT TOWARDS PROPOSED PROJECTS (E.G., A COAT DRIVE IN THEIR LOCAL COMMUNITY), OR NECESSITIES THAT WILL HELP THEM SUCCEED IN COLLEGE AND BEYOND (E.G., LAPTOPS, BOOKS, FUNDING TO HELP COVER A HIGH-VALUE, UNPAID INTERNSHIP). FLEX FUNDING GRANTS ARE MADE IN AMOUNTS UP TO 2,000 PER PROJECT AND ARE REVIEWED ON A COMPETITIVE BASIS. SCHOLARSHIP AWARDS RANGE UP TO 5,000 PER ACADEMIC YEAR, BASED ON A SCHOLAR'S FEDERAL APPLICATION FOR STUDENT AID (FAFSA), FINANCIAL AID AWARD PACKAGE, OUTSIDE SCHOLARSHIPS, AND UNIVERSITY COST OF ATTENDANCE.

  Expenses $467,410 · Grants $467,410

• SUMMER SYMPOSIUM: A FOUR-DAY LEADERSHIP TRAINING SEMINAR IN BOULDER, CO WHERE THE ORGANIZATION BRINGS IN ALL SCHOLARS TO MEET WITH ONE ANOTHER, HEAR FROM AND CONNECT WITH INSPIRING INDUSTRY LEADERS, AND LEARN NEW TOOLS TO NAVIGATE THEIR PERSONAL AND PROFESSIONAL DEVELOPMENT.

  Expenses $138,374

• IMPACT. PROJECTS SCHOLARS DEVELOP AND EXECUTE IN CONJUNCTION WITH THE ORGANIZATION TO POSITIVELY IMPACT COMMUNITIES IN NEED. IMPACT CONSISTS OF 3 DIFFERENT APPROACHES: 1) INDIVIDUAL IMPACT PLANS, 2)COMMUNITY IMPACT INITIATIVES, AND 3) PRESENTATIONS AT LOW-INCOME MIDDLE AND HIGH SCHOOLS.

  Expenses $190,361

• THE ORGANIZATION'S WHOLE PERSON COLLEGE PROGRAM SERVES SCHOLARS FOR FIVE YEARS DURING AND IMMEDIATELY AFTER COLLEGE. THIS IMMERSIVE PROGRAM PROVIDES THEM WITH SUCCESS RESOURCES THAT ENABLE THEM TO LIVE LIVES OF THEIR CHOOSING AND ENACT LONG-TERM, POSITIVE CHANGE IN UNDER-RESOURCED COMMUNITIES. SCHOLARS PARTICIPATE IN AND BENEFIT FROM THE FOLLOWING COMPONENTS: MENTORSHIP. ESTABLISHED PROFESSIONALS AND INDUSTRY LEADERS ARE PAIRED WITH SCHOLARS, CONNECTING WITH THEM FOR AT LEAST TWO HOURS EVERY MONTH TO LEND INSIGHT ON PERSONAL AND PROFESSIONAL DEVELOPMENT AND CONNECT THE SCHOLARS WITH BROADER PROFESSIONAL OPPORTUNITIES. PROFESSIONAL NETWORKING. PROFESSIONALS FROM THE ORGANIZATION'S COMMUNITY ENGAGE IN ONE-TIME CONVERSATIONS WITH SCHOLARS REGARDING PROFESSIONAL OPPORTUNITIES AND ADVICE. INTERNSHIPS. THE ORGANIZATION HELPS SCHOLARS SECURE AND MAXIMIZE HIGH-VALUE INTERNSHIP OPPORTUNITIES THROUGH CONNECTIONS AND COACHING. SKILLS MODULES. SCHOLARS ARE GRANTED ACCESS TO AN ONLINE CURRICULUM TEACHING CRITICAL LIFE AND FINANCIAL SKILLS NOT COVERED IN COURSES. NEW MODULES ARE CREATED AND UPLOADED BY THE ORGANIZATION. HIGH SCHOOL OUTREACH. THE ORGANIZATION CULTIVATES RELATIONSHIPS WITH COUNSELORS AND ADMINISTRATORS IN LOW-INCOME HIGH SCHOOLS AND WITH NONPROFIT ORGANIZATIONS SERVING UNDER-RESOURCED STUDENTS. THROUGH IN-PERSON VISITS, MAILINGS, AND POSTINGS ON ONLINE DATABASES, THE ORGANIZATION INFORMS STUDENTS ABOUT GREENHOUSE SCHOLARS AND ABOUT COLLEGE AND SCHOLARSHIPS MORE BROADLY. STUDENTS INTERESTED IN BECOMING SCHOLARS SUBMIT APPLICATIONS, VIDEOS, AND FINANCIAL INFORMATION, AND COMPLETE PANEL INTERVIEWS AS PART OF THE NEW SCHOLAR SELECTION PROCESS. THE ORGANIZATION'S POST-COLLEGE YOUNG LEADERS PROGRAM PROVIDES COMPREHENSIVE SUPPORT TO GREENHOUSE ALUMNI IN THE EARLY STAGES OF THEIR CAREER AND POST-COLLEGE LIFE - REFERRED TO AS YOUNG LEADERS - THROUGH THE FOLLOWING PROGRAM COMPONENTS: LEARNING. PROVIDES PERSONAL AND PROFESSIONAL SUPPORT RESOURCES TO YOUNG LEADERS. SUCH RESOURCES INCLUDE ADVISORS-IN-RESIDENCE (GROUPS OF EXPERTS WHO SHARE THEIR KNOWLEDGE AND CONNECT WITH YOUNG LEADERS THROUGH INTERACTIVE SESSION FOUR TIMES A YEAR); COACHES (ESTABLISHED PROFESSIONALS THAT PROVIDE INDIVIDUALIZED, 1:1 SUPPORT TO YOUNG LEADERS); AND A VIDEO LIBRARY (CURATED CONTENT WITH INFORMATION AND TOOLS RELEVANT TO YOUNG LEADERS' PERSONAL AND PROFESSIONAL DEVELOPMENT). RELATIONSHIPS. FOSTERS RELATIONSHIPS OF IMPACT FOR OUR YOUNG LEADERS, THROUGH RESOURCES SUCH AS PEOPLEGROVE (AN ONLINE PLATFORM FOR OUR CONSTITUENTS TO INTERACT, CONNECT WITH ONE ANOTHER, AND POST AND FIND PROFESSIONAL OPPORTUNITIES); A JOBS PORTAL AND CAREER FAIR (CONNECT JOB- SEEKERS WITH PARTNER CORPORATIONS AND HIRING PROFESSIONALS); IGNITE WEEKEND (AN ANNUAL GATHERING WITH SPEAKERS, WORKSHOPS, AND DIRECTED RELATIONSHIP BUILDING); AND ALUMNI MEETUPS (INTIMATE GATHERINGS THAT FOSTER RELATIONSHIP-BUILDING AMONGST YOUNG LEADERS). ENTREPRENEURSHIP. CREATES AN ENTREPRENEURIAL MINDSET AMONGST YOUNG LEADERS AND HELPS IDENTITY AND LAUNCH HIGH-POTENTIAL IDEAS THROUGH RESOURCES SUCH AS IDEA CREATION & ENHANCEMENT SESSIONS (WORKSHOPS, PANELS, AND PITCH PREP TO CREATE, HONE, AND SHARPEN ENTREPRENEURIAL IDEAS); A RESOURCE LIBRARY (FEATURES BEST-IN-CLASS BUSINESS PLANS, FINANCIAL MODELS, AND INVESTOR PITCH DECKS, AS WELL AS INSURANCE, LEGAL, BANKING, AND HUMAN RESOURCES INFORMATION); AND FUNDING (DIRECT FINANCIAL SUPPORT FOR EARLY-STAGE ENTREPRENEURIAL IDEAS AND CONNECTIONS TO FUNDING FOR IDEAS AT DIFFERENT LIFE-STAGES).

  Expenses $1,306,970

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2022

Filed

15 November 2023

IRS schema version

2022v5.0

Source object

202313199349331971

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