GREENWOOD PROJECT

EIN: 811990763 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
$2,720,746
Total Expenses
$2,386,851
Total Assets
$3,112,154
Net Assets
$3,009,885
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
IL
Principal Officer
KWESI SMITH
Phone
3128198490
Tax Period
2023-10-01 to 2024-09-30

GREENWOOD PROJECT, founded in 2016, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 12% surplus.

Mission

GREENWOOD'S MISSION IS TO CREATE CAREER PATHWAYS IN THE FINANCIAL SERVICES INDUSTRY FOR BLACK AND LATINO COLLEGE STUDENTS. WE PARTNER WITH COMPANIES TO FIND EQUITABLE AND INCLUSIVE SOLUTIONS FOR RECRUITMENT, RETENTION, AND ADVANCEMENT. OUR VISION IS A FINANCE INDUSTRY WITHOUT BARRIERS TO ENTRY AND ADVANCEMENT FOR BLACK AND LATINO PEOPLE.

Program Service Accomplishments

Program 1
Expenses: $1,444,410 Revenue: $0

GREENWOOD PROJECT'S COLLEGE PROGRAM: WITH THE GOAL OF BOTH EXPOSURE TO CAREERS IN THE FINANCIAL SERVICES INDUSTRY AND BUILDING CAREER PATHWAYS INTO THE INDUSTRY FOR BLACK AND LATINX STUDENTS, THE...

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GREENWOOD PROJECT'S COLLEGE PROGRAM: WITH THE GOAL OF BOTH EXPOSURE TO CAREERS IN THE FINANCIAL SERVICES INDUSTRY AND BUILDING CAREER PATHWAYS INTO THE INDUSTRY FOR BLACK AND LATINX STUDENTS, THE GREENWOOD PROJECT'S COLLEGE PROGRAMS ARE ENGINEERED TO PROVIDE MEANINGFUL TRAINING AND WORK EXPERIENCES FOR STUDENTS ACROSS MULTIPLE YEARS OF THEIR COLLEGE CAREERS. AFTER A FOUR (4) WEEK INTENSIVE BOOT CAMP THAT COVERS PROFESSIONAL SKILLS, ACCOUNTING PRINCIPLES, AND THE BASICS OF FINANCIAL MARKETS AND VALUATION, STUDENTS MOVE INTO SIX (6) WEEK INTERNSHIP EXPERIENCES AT PARTNER COMPANIES ACROSS THE FINANCIAL SERVICES INDUSTRY. UPON THE COMPLETION OF THEIR TRAINING SUMMER, STUDENTS WHO RETURN TO THE PROGRAM FOR MULTIPLE YEARS MOVE INTO TRADITIONAL TEN (10) TO TWELVE (12) WEEK INTERNSHIP PLACEMENTS. THROUGHOUT THEIR ENGAGEMENT WITH THE GREENWOOD PROJECT, STUDENTS MEET AND ENGAGE WITH OVER 100 CORPORATE VOLUNTEERS AND PROFESSIONALS FOR EACH YEAR OF THEIR PARTICIPATION IN THE PROGRAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,701,591
Program Service Revenue $0
Investment Income $14,871
Other Revenue $4,284
TOTAL REVENUE $2,720,746

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,575,584
Fundraising Expenses $457,234
Program Expenses $1,444,410
Other Expenses $811,267
TOTAL EXPENSES $2,386,851

Year-over-Year Comparison

2023 2022 Change
Revenue $2,720,746 $2,241,723 +0.2%
Expenses $2,386,851 $2,228,237 +0.1%
Net Income $333,895 $13,486 +23.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
55
Volunteers
141

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
4
$88,263
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE CLAY DIRECTOR 1.00
Director
$0 $0 $0
ERIKA KINGESTU SECRETARY 1.00
Officer Director
$0 $0 $0
FREDERICK MARTIN DIRECTOR 1.00
Director
$0 $0 $0
JJ KINAHAN DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH LAWLER DIRECTOR 1.00
Director
$0 $0 $0
MARK SEBASTIAN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL PIPER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL ROTHKOPF TREASURER 6.00
Officer Director
$0 $0 $0
NICK CHERNEY DIRECTOR 1.00
Director
$0 $0 $0
SIZWE KAMARA BOARD CHAIR 1.00
Officer Director
$0 $0 $0
SULIN BA DIRECTOR 1.00
Director
$0 $0 $0
KWESI SMITH CEO 40.00
Officer
$84,007 $4,256 $88,263
EMILY HOLTHAUS DIRECTOR OF PROGRAMS 40.00
Highest
$129,453 $3,047 $132,500
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 $2,720,746 $2,386,851 $3,112,154 $333,895
2023 $2,241,723 $2,228,237 $2,745,030 $13,486
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