Civic Intelligence

Greentownlabsorg Inc

990 • Fiscal year 2021 • EIN 45-4788246

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileFORGEMASS.ORG
444 Somerville AveSomerville, MA 02143

(888) 954-6836

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.09x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

58th percentile

0.06x

Higher debt load relative to revenue than 58% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

78th percentile

36%

Higher net margin than 78% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

94th percentile

$141,829

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

91st percentile

104%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

93rd percentile

195%

Faster revenue growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$601,500

Up $306,676 (+104%) from 2020

Net Assets

Up

$547,159

Up $329,833 (+152%) from 2020

Liabilities

Down

$54,341

Down $23,157 (-30%) from 2020

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin78th percentile

Revenue

Up

$919,928

Up $608,292 (+195%) from 2020

Expenses

Up

$590,095

Up $115,634 (+24%) from 2020

Net Income

Up

$329,833

Up $492,658 (+303%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2013: $88,568Liabilities 2013: $24,848Net Assets 2013: $63,7202013Assets 2014: $83,942Liabilities 2014: $24,848Net Assets 2014: $59,0942014Assets 2015: $92,862Liabilities 2015: $02015Assets 2017: $21,268Liabilities 2017: $0Net Assets 2017: $21,2682017Assets 2018: $277,594Liabilities 2018: $0Net Assets 2018: $277,5942018Assets 2019: $289,407Liabilities 2019: $0Net Assets 2019: $289,4072019Assets 2020: $294,824Liabilities 2020: $77,498Net Assets 2020: $217,3262020Assets 2021: $601,500Liabilities 2021: $54,341Net Assets 2021: $547,1592021Assets 2022: $636,558Liabilities 2022: $341,644Net Assets 2022: $294,9142022Assets 2023: $480,101Liabilities 2023: $199,100Net Assets 2023: $281,0012023Assets 2024: $574,963Liabilities 2024: $390,949Net Assets 2024: $184,0142024

Highlighted filing

2021

Assets$601,500
Liabilities$54,341
Net Assets$547,159
Open 2021 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2013: $285,600Expenses 2013: $230,544Net Income 2013: $55,0562013Revenue 2014: $0Expenses 2014: $4,626Net Income 2014: -$4,6262014Revenue 2015: $64,956Expenses 2015: $16,040Net Income 2015: $48,9162015Revenue 2017: $136,351Expenses 2017: $228,525Net Income 2017: -$92,1742017Revenue 2018: $473,351Expenses 2018: $217,025Net Income 2018: $256,3262018Revenue 2019: $374,357Expenses 2019: $362,544Net Income 2019: $11,8132019Revenue 2020: $311,636Expenses 2020: $474,461Net Income 2020: -$162,8252020Revenue 2021: $919,928Expenses 2021: $590,095Net Income 2021: $329,8332021Revenue 2022: $939,250Expenses 2022: $1,191,495Net Income 2022: -$252,2452022Revenue 2023: $1,628,406Expenses 2023: $1,571,798Net Income 2023: $56,6082023Revenue 2024: $1,634,557Expenses 2024: $1,731,544Net Income 2024: -$96,9872024

Highlighted filing

2021

Revenue$919,928
Expenses$590,095
Net Income$329,833
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$919,928
Mission and Program Overview

Mission

To help startups with physical products on the journey from prototype to impact at commercial scale.

To help innovators and startups on the journey from physical prototype through to commercialization and impact at scale.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$211,804$302,898▲ $91,094
Pledges and Grants Receivable$83,020$298,602▲ $215,582
Total Assets$294,824$601,500▲ $306,676
Liabilities
Accounts Payable and Accrued Expenses$29,306$54,341▲ $25,035
Unsecured Notes Loans Payable$48,192--
Total Liabilities$77,498$54,341▼ $23,157
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$217,326$547,159▲ $329,833
Total Net Assets Fund Balance$217,326$547,159▲ $329,833
Total Liabilities and Net Assets / Fund Balance$294,824$601,500▲ $306,676
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura TeicherPresident/executive DirectorFT$132,428$9,401$141,829

Board Members and Trustees

NameTitle
Emily ReichertChair/director
Rodney DowellClerk/director
Bobbie CarltonDirector
Dana CordovaDirector
Joseph SteigDirector
Julie ChenDirector
Nina BirgerDirector (appt 12/1/21)
Raj MelvilleDirector (appt 12/1/21)
Joseph RifeDirector (until 5/19/21)
Sj MaxtedTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$919,928
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$551,409
Change in Net Assets
$329,833

Audited Revenue Reconciliation

Revenue per Audited Statements
$919,928
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$23,700
Total Revenue per Audited Statements
$943,628
Total Revenue per Form 990
$919,928
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$441,095
Other Expenses$131,500
Total Fundraising Expense$18,475
Grants and Similar Amounts Paid$17,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$223,704$10,132$10,132$243,968
Current Officers, Directors, Trustees, and Key Employees$138,733$6,350$6,350$151,433
Fees for Services Other$32,966$18,420-$51,386
Fees for Services Accounting$25,016$21,350-$46,366
Payroll Taxes$30,038$1,360$1,360$32,758
Advertising$19,133$2,060-$21,193
Grants to Domestic Orgs$17,500--$17,500
Other Employee Benefits$11,670$633$633$12,936
Travel$5,897$256-$6,153
Information Technology$164$2,263-$2,427
Insurance$204$1,052-$1,256
Office Expenses-$373-$373
Other Expenses-$140-$140
Total Functional Expenses$505,025$66,595$18,475$590,095

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$613,795
Expenses per Audited Statements$590,095
Total Expenses per Form 990$590,095
Expenses Not Reported on Form 990$23,700
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Generation Hemp IncBoston, MAFor ProfitProduct Development$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The executive director will review the draft of the 990 and share it with the finance committee of the board of directors before it is filed.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Greentownorg Inc
EIN
45-4788246
Phone
8889546836
Address
444 SOMERVILLE AVE, SOMERVILLE, MA 02143
Doing Business As
Forge

Signing Officer

Name
Laura Teicher
Title
Executive Director
Phone
8889546836
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Teicher
Formed
2011
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
11
Volunteers
10

Preparer

Firm
Edelstein and Company Llp
Address
160 FEDERAL STREET 9TH FLOOR, BOSTON, MA 02110
Preparer
Eugene Borgonzi
Phone
6172276161
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RevenueAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0435351
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0374357
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0389901
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0136351
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02255888
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt089950
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.79170
IRS990ScheduleA/PublicSupportPY170Pct00.83800
IRS990ScheduleA/PublicSupportTotal170Amt01785922
IRS990ScheduleA/SubstantialContributorsTotAmt0469966
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0919928
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0435351
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0374357
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0389901
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0136351
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02255888
IRS990ScheduleA/TotalSupportAmt02255888
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/DirectContactLegislatorsAmt040000
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PAYS A LOBBYING FIRM TO MAINTAIN CONTACT WITH LEGISLATORS, THEIR STAFFS AND GOVERNMENT OFFICIALS TO MAXIMIZE GRANT FUNDING INCLUDED IN THE ANNUAL MASSACHUSETTS BUDGET. THIS HELPS THE ORGANIZATION TO MAINTAIN ITS ANNUAL EARMARK FROM THE STATE OF MASSACHUSETTS AND TO PURSUE NEW OPPORTUNITIES FOR FUNDING FROM THE STATE OF MASSACHUSETTS (EXAMPLES INCLUDE: ECONOMIC DEVELOPMENT BILL, ARPA).
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt040000
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt023700
IRS990ScheduleD/DonatedServicesUseFcltsAmt023700
IRS990ScheduleD/ExpensesNotReportedAmt023700
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0590095
IRS990ScheduleD/RevenueNotReportedAmt023700
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0919928
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0590095
IRS990ScheduleD/TotalRevenuePerForm990Amt0919928
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0943628
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0613795
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0FOR PROFIT
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PRODUCT DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GENERATION HEMP INC
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0125 CHISWICK ROAD APT 210
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BOSTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002135
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANTEES PROVIDE UPDATES FOR THE ORGANIZATION'S SUCCESS STORIES, AND THEY REPORT IN AT THE FOLLOWING YEAR'S SHOWCASE
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR WILL REVIEW THE DRAFT OF THE 990 AND SHARE IT WITH THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0294824
IRS990/TotalAssetsEOYAmt0601500
IRS990/TotalAssetsGrp/BOYAmt0294824
IRS990/TotalAssetsGrp/EOYAmt0601500
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0919928
IRS990/TotalEmployeeCnt011
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt018475
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt066595
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0505025
IRS990/TotalFunctionalExpensesGrp/TotalAmt0590095
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt077498
IRS990/TotalLiabilitiesEOYAmt054341
IRS990/TotalLiabilitiesGrp/BOYAmt077498
IRS990/TotalLiabilitiesGrp/EOYAmt054341
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0217326
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0547159
IRS990/TotalOtherCompensationAmt09401
IRS990/TotalProgramServiceExpensesAmt0505025
IRS990/TotalReportableCompFromOrgAmt0132428
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0919928
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0294824
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0601500
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0256
IRS990/TravelGrp/ProgramServicesAmt05897
IRS990/TravelGrp/TotalAmt06153
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt048192
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0444 SOMERVILLE AVE
IRS990/USAddress/CityNm0SOMERVILLE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002143
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HTTPS://FORGEMASS.ORG

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$601,500
Liabilities
$54,341
Net assets
$547,159
Revenue
$919,928
Expenses
$590,095
Net income
$329,833
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.57$0.39$0.18$1.63$1.73$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.48$0.20$0.28$1.63$1.57$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.64$0.34$0.29$0.94$1.19$0.25
2021Detailed filing. Detailed filing data is available for this year.$0.60$0.05$0.55$0.92$0.59$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.08$0.22$0.31$0.47$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.00$0.29$0.37$0.36$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.00$0.28$0.47$0.22$0.26
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.02$0.00$0.02$0.14$0.23$0.09
2015Summary only. Only limited summary data is available for this year.$0.09$0.00$0.06$0.02$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.08$0.02$0.06$0.00$0.00$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.09$0.02$0.06$0.29$0.23$0.06
Peer Organizations

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