Greentown Collaborative Inc

Nonprofit profile at a glance

EIN
853807217
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
Somerville, MA, USA
Phone
8889546836
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Environmental Education and Outdoor Survival Programs

Official website

Reported finances

Revenue
$14,959,742
Expenses
$16,645,646
Assets
$37,398,401
Liabilities
$32,593,114

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

33 people listed

Executive titles in this filing

  • KEVIN DUTT (PRESIDENT & CEO (MAY - DEC. 2024))
  • KEVIN KNOBLOCH (PRESIDENT & CEO (UNTIL JULY 2024))

Highest reported compensation

  • KEVIN KNOBLOCH (PRESIDENT & CEO (UNTIL JULY 2024)): $235,643 total reported compensation
  • DAVID PRUNER (TEX-E EXECUTIVE DIR(UNTIL SEPT 2024)): $234,358 total reported compensation
  • JOUBIN HATAMZADEH (CHIEF OPERATING OFFICER): $230,071 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Greentown collaborative's mission is to accelerate climate, energy and environment innovations and commercialization by empowering entrepreneurs and enabling collaboration.

What it reported doing in 2024

Accelerating 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.

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 92% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 69
  • Accountability: 95
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.1%; rating input score 84
  • Program expense ratio: 75.5%; rating input score 76
  • Fundraising efficiency: $7.88 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.7%; rating input score 95; 24th percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Pass
    • May require repayment: Fail
  • Grant itemization coverage: 98.8%; rating input score 99; 31st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11.3%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 2.25; rating input score 65; 65th percentile among comparable filings
  • Liabilities to assets ratio: 0.87; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 11.3%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 71.6% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 49.6% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 67% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 84.1% of revenue deployed · 75.5% of spending went to programs
  • Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $12.6M in reported program spending
  • Leadership: top reported pay $236K · 33 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $466K reported
  • Consistency: 42 of 43 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 42 filed money-flow records
  • Related organizations: 31 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 32/100.
  • High — Sustainability: Operating margin scored 9/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.