Form 990 for tax year 2023

Totals

Total revenue

$14,905,436

Total expenses

$12,511,459

Contributions and grants received

$14,343,566

Grants paid

$3,915,251

Program service revenue

$0

Investment income

$944,240

Other revenue

-$382,370

Total assets, end of year

$56,201,018

Total liabilities, end of year

$575,346

Net assets or fund balances, end of year

$55,625,672

Program services expenses (Part IX)

$10,228,315

Management and general expenses

$1,791,684

Fundraising expenses

$491,460

Program service expenses (Part III)

$10,228,315

Program services were 81.8% 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 · 2023

• TO MEET ITS MISSION IN THE TWELVE CITIES WHERE IT OPERATES, THE GREENLIGHT FUND DOES THE FOLLOWING:- RUNS AN ANNUAL PROCESS TO IDENTIFY CRITICAL COMMUNITY NEEDS; SEARCHES THE COUNTRY TO FIND INNOVATIVE, RESULTS-ORIENTED NONPROFIT APPROACHES TO MEETING NEEDS; CONDUCTS RIGOROUS DILIGENCE ON THESE NONPROFITS TO UNDERSTAND THEIR OUTCOMES, REVENUE MODEL, REPLICABILITY, AND POTENTIAL FIT ON THE LOCAL LANDSCAPE; AND SELECTS 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 TYPICALLY PROVIDES AROUND $600,000 OVER AN ORGANIZATION'S 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 FIFTEEN ORGANIZATIONS INTO BOSTON: FRIENDS OF THE CHILDREN-BOSTON, RAISING A READER-MASSACHUSETTS, PEER HEALTH EXCHANGE, YOUTH VILLAGES' LIFESET PROGRAM, UPTOGETHER, SINGLE STOP USA, THE NEW TEACHER CENTER, COLLEGE ADVISING CORPS, BLUEPRINT SCHOOLS NETWORK, CAREMESSAGE, YOUTH GUIDANCE: BECOMING A MAN, PER SCHOLAS, YOUTH GUIDANCE: WORKING ON WOMANHOOD, CHILD FIRST, AND THE FOUNTAIN FUND.SINCE 2012 WHEN IT WAS ESTABLISHED IN PHILADELPHIA, GREENLIGHT PHILADELPHIA HAS IMPORTED SINGLE STOP USA, YEAR UP, CENTER FOR EMPLOYMENT OPPORTUNITIES, PARENTCHILD+, COMPASS WORKING CAPITAL, HOPEWORKS, AND THE FOUNTAIN FUND INTO THE CITY.SINCE 2012 WHEN IT WAS FOUNDED IN THE SAN FRANCISCO BAY AREA, GREENLIGHT BAY AREA HAS IMPORTED GENESYS WORKS, UASPIRE, SPRINGBOARD COLLABORATIVE, BLUEPRINT MATH FELLOWS, PARENTCHILD+, EVERYONE ON, AND FOOD CONNECT INTO THE BAY AREA. SINCE 2015 WHEN IT WAS FOUNDED IN CINCINNATI, GREENLIGHT CINCINNATI HAS IMPORTED CENTER FOR EMPLOYMENT OPPORTUNITIES, UPTOGETHER, FIRST PLACE FOR YOUTH, THE LITERACY LAB'S LEADING MEN FELLOWSHIP, AND HOMESTART RENEW COLLABORATIVE INTO THE CITY. SINCE 2016 WHEN IT WAS FOUNDED IN DETROIT, GREENLIGHT DETROIT HAS IMPORTED CENTER FOR EMPLOYMENT OPPORTUNITIES, NEW TEACHER CENTER, AND SPRINGBOARD COLLABORATIVE INTO THE CITY.SINCE 2017 WHEN IT WAS FOUNDED IN CHARLOTTE, GREENLIGHT CHARLOTTE HAS IMPORTED PARENTCHILD+, CENTER FOR EMPLOYMENT OPPORTUNITIES, ALTERNATIVES TO VIOLENCE, AND INNER EXPLORER INTO THE CITY. SINCE 2018, WHEN IT WAS FOUNDED IN KANSAS CITY, GREENLIGHT KANSAS CITY HAS IMPORTED YOUTH GUIDANCE: BECOMING A MAN, YOUTH GUIDANCE: WORKING ON WOMANHOOD, ALL OUR KIN, FOOD CONNECT, AND MRELIEF INTO THE CITY. SINCE 2019 WHEN IT WAS FOUNDED IN ATLANTA, GREENLIGHT ATLANTA HAS IMPORTED CENTER FOR EMPLOYMENT OPPORTUNITIES, THE LITERACY LAB'S LEADING MEN FELLOWSHIP, INNER EXPLORER, AND CAPITAL GOOD FUND INTO THE CITY.SINCE 2020 WHEN IT WAS FOUNDED IN THE TWIN CITIES, GREENLIGHT TWIN CITIES HAS IMPORTED LET EVERYONE ADVANCE WITH DIGNITY AND IRTH INTO THE CITY.SINCE 2021 WHEN IT WAS FOUNDED IN BALTIMORE, GREENLIGHT BALTIMORE HAS IMPORTED POINT SOURCE YOUTH.SINCE 2022 WHEN IT WAS FOUNDED IN GREATER NEWARK, GREENLIGHT GREATER NEWARK HAS IMPORTED EMS CORPS.IN 2023, GREENLIGHT FUND LAUNCHED ITS TWELFTH SITE, CHICAGO, AND BEGAN ITS FIRST SELECTION PROCESS IN 2023.ACROSS GREENLIGHT FUND'S TWELVE LOCATIONS, IN 2023 GREENLIGHT-SUPPORTED ORGANIZATIONS REACHED 387,981 CHILDREN, YOUTH AND FAMILIES WITH THEIR INNOVATIVE PROGRAMS THAT ARE ACHIEVING MEASURABLE RESULTS IN THEIR EFFORTS TO TRANSFORM LIVES.

  Expenses $10,228,315 · Grants $3,915,251

As filed on the 2023 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

• FOOD CONNECT CO

  $347,500

  GENERAL SUPPORT

• BAM - YOUTH GUIDANCE

  $305,000

  GENERAL SUPPORT

• CITY OF CHARLOTTE (CURE VIOLENCE GLOBAL)

  $300,000

  GENERAL SUPPORT

• INNER EXPLORER INC

  $300,000

  GENERAL SUPPORT

• CENTER FOR EMPLOYMENT OPPORTUNITIES

  $242,500

  GENERAL SUPPORT

• HOMESTART INC

  $237,501

  GENERAL SUPPORT

• THE LITERACY LAB

  $235,000

  GENERAL SUPPORT

• POINT SOURCE YOUTH

  $195,000

  GENERAL SUPPORT

• THE FOUNTAIN FUND

  $185,000

  GENERAL SUPPORT

• CONNECT TO COMPETE INC

  $175,000

  GENERAL SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2023

Filed

26 September 2024

IRS schema version

2023v5.1

Source object

202442749349300349

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.