Greenhouse E3
Nonprofit profile at a glance
- EIN
- 844743270
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-N 2021
- Location
- Portland, TX, USA
- Phone
- 4083072733
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $3,448,934
- Expenses
- $3,529,683
- Assets
- $3,092,203
- Liabilities
- $1,318,301
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Jeff Snipes (President)
- James Willcox (Co-CEO)
- Veronica Conforme (Co-CEO)
Highest reported compensation
- James Willcox (Co-CEO): $371,384 total reported compensation
- Veronica Conforme (Co-CEO): $361,192 total reported compensation
- Tracy Epp (Chief Program Officer): $239,475 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Greenhouse E3 equips charter school executives with the guidance and community to navigate today's leadership realities — and build stronger schools where students can thrive.
What it reported doing in 2024
The executive leadership program is a two-year national fellowship program that offers eight 3-day cohort sessions over two years that cover core competencies for successful Charter Management Organization (CMO) CEO's and other executives including strategic management, organizational direction-setting, equity and inclusion (DEI) curriculum, and leading and developing others. The executive leadership program also includes monthly executive coaching with multiple site visits over the two-year program.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 79
- Accountability: 83
- Sustainability: 25
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.6%; rating input score 68
- Program expense ratio: 65.1%; rating input score 65
- Fundraising efficiency: $8.05 raised per $1 spent on fundraising; rating input score 31; 31st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 71.4%; rating input score 71; 12th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.3%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.88; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 40.6%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: 61.7% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 10.7% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 14% per year; rating input score 100; 72nd percentile among comparable filings
Details
- What they do: 4 programs and campaigns described on the official site
- Where the money goes: 67.6% of revenue deployed · 65.1% of spending went to programs
- Governance: 5 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.3M in reported program spending
- Leadership: top reported pay $371K · 12 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $346K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes major donors and executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 31/100.
- High — Sustainability: Operating margin scored 26/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.