GREENLIGHT FUND INC

EIN: 200407083 501(c)(3) Community Improvement

BOSTON, MA

Total Revenue
$15,285,791
Total Expenses
$15,240,469
Total Assets
$57,141,523
Net Assets
$56,492,146
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MA
Principal Officer
ALI KNIGHT
Phone
6179128983
Tax Period
2024-01-01 to 2024-12-31

GREENLIGHT FUND INC, founded in 2003, is a mid-sized nonprofit in the Community Improvement sector that reported $15.3M in total revenue in fiscal year 2024. Net assets of $56.5M represent 44 months of operating reserves.

Mission

THE GREENLIGHT FUND TRANSFORMS THE LIVES OF CHILDREN AND FAMILIES IN HIGH-POVERTY URBAN AREAS BY CREATING INFRASTRUCTURE AND A CONSISTENT ANNUAL PROCESS IN CITIES TO IDENTIFY CRITICAL NEEDS, IMPORT INNOVATIVE ENTREPRENEURIAL PROGRAMS THAT CAN HAVE A SIGNIFICANT AND MEASURABLE IMPACT, AND GALVANIZE LOCAL AND NATIONAL SUPPORT TO HELP PROGRAMS REACH AND SUSTAIN IMPACT IN THE NEW CITY.

Program Service Accomplishments

Program 1
Expenses: $12,500,358

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...

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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 IN THEIR EFFORTS TO TRANSFORM LIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,293,479
Program Service Revenue $0
Investment Income $1,371,343
Other Revenue $-379,031
TOTAL REVENUE $15,285,791

Expense Breakdown

Grants Paid $4,571,296
Salaries & Benefits $8,064,524
Fundraising Expenses $610,539
Program Expenses $12,500,358
Other Expenses $2,604,649
TOTAL EXPENSES $15,240,469

Year-over-Year Comparison

2024 2023 Change
Revenue $15,285,791 $14,905,436 +0.0%
Expenses $15,240,469 $12,511,459 +0.2%
Net Income $45,322 $2,393,977 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
16
Employees
70
Volunteers
455

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$575,849
Total Directors
18
$388,745
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALI KNIGHT CEO (AS OF 5/2024) 40.00
Officer Director
$187,666 $8,452 $196,118
MARGARET HALL CEO (UNTIL 3/31/24) 40.00
Officer Director
$176,554 $16,073 $192,627
JOHN SIMON CHAIRPERSON 5.00
Officer Director
$0 $0 $0
TIM PALMER TREASURER 1.00
Officer Director
$0 $0 $0
PAUL CARTTAR BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELE JOLIN BOARD MEMBER 1.00
Director
$0 $0 $0
MARC KOZIN BOARD MEMBER 1.00
Director
$0 $0 $0
ANNE LOVETT BOARD MEMBER 1.00
Director
$0 $0 $0
KERRY SULLIVAN BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL GOSS BOARD MEMBER 1.00
Director
$0 $0 $0
KAT ROSQUETA BOARD MEMBER 1.00
Director
$0 $0 $0
TOM EBLING BOARD MEMBER 1.00
Director
$0 $0 $0
JUMA CRAWFORD BOARD MEMBER 1.00
Director
$0 $0 $0
IRFAN ALIBHAI BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN CONNAUGHTON BOARD MEMBER 1.00
Director
$0 $0 $0
ALICIA ROSE BOARD MEMBER 1.00
Director
$0 $0 $0
ADAIR MOSLEY BOARD MEMBER (AS OF 3/24) 1.00
Director
$0 $0 $0
SCOTT PERPER BOARD MEMBER (AS OF 6/24) 1.00
Director
$0 $0 $0
MADHUMITA CHAKRABARTTI VP, FINANCE & OPERATIONS 40.00
Officer
$171,486 $15,618 $187,104
CASEY JOHNSON VP, NATIONAL PORTFOLIO & LEARNING 40.00
Highest
$199,931 $5,535 $205,466
MELISSA LUNA VP OF SITE SUCCESS & BOSTON ED 40.00
Highest
$190,977 $16,378 $207,355
KATHERINE SCHWASS VP OF SITE SUCCESS & BAY AREA ED 40.00
Highest
$186,542 $9,317 $195,859
RYANN DENHAM DEVENEY VP, DEVELOPMENT AND EXPANSION 40.00
Highest
$184,458 $23,045 $207,503
ROBERT MAYS VP, PEOPLE, EQUITY & CULTURE 40.00
Highest
$171,488 $31,680 $203,168
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $15,285,791 $15,240,469 $57,141,523 $45,322
2023 $14,905,436 $12,511,459 $56,201,018 $2,393,977
2022 $21,472,030 $9,836,176 $52,683,189 $11,635,854
2021 $25,826,646 $7,663,676 $42,352,502 $18,162,970
2020 $9,867,967 $6,489,939 $23,880,758 $3,378,028
2019 $10,476,606 $5,411,783 $20,753,417 $5,064,823
2018 $12,468,745 $4,740,102 $15,546,679 $7,728,643
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