Greenlight Fund Inc

What it reported doing in 2024

To meet its mission in the thirteen 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 sixteen 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, the fountain fund, and the literacy lab's leading men fellowship.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, homestart's renew collaborative, and fathers' uplift into the city. Since 2016 when it was founded in detroit, greenlight detroit has imported center for employment opportunities, new teacher center, springboard collaborative, and bottom line 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, irth, food connect, and inner explorer into the city.since 2021 when it was founded in baltimore, greenlight baltimore has imported point source youth and parentchild+ into the city.since 2022 when it was founded in greater newark, greenlight greater newark has imported ems corps and reading partners.in 2023, greenlight fund launched its twelfth site, chicago, and began its first selection process in 2023.since 2024 when it was founded in denver, greenlight denver has imported homestart's renew collaborative into the city. Across greenlight fund's thirteen locations, in 2024 greenlight-supported organizations reached 749,000 children, youth and families with their innovative programs that are achieving measurable results

Financial Efficiency

• Mission deployment rate: 82.4%; rating input score 82
• Program expense ratio: 82%; rating input score 82
• Fundraising efficiency: $23.41 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 41st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 94.1%; rating input score 94; 27th 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: 0.3%; rating input score 34; 34th percentile among comparable filings
• Total-asset coverage ratio: 3.75; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
• Officer compensation ratio: 10.5%; rating input score 18; 18th percentile among comparable filings

Growth

• Program expense growth: 16.3% per year; rating input score 100; 85th percentile among comparable filings
• Revenue growth: 16.4% per year; rating input score 100; 88th percentile among comparable filings
• Asset growth: 22.5% per year; rating input score 100; 92nd percentile among comparable filings