Civic Intelligence

Greenwood Project

990 • Fiscal year 2023 • EIN 81-1990763

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 13, 2024

231 S Lasalle Street 2100Chicago, IL 60604

(312) 819-8490

Siviq Scores

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

Liabilities / Assets

39th percentile

0.03x

Higher debt load relative to assets than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

36th percentile

0.03x

Higher debt load relative to revenue than 36% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

42nd percentile

0.6%

Higher net margin than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$113,706

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

38th percentile

0.3%

Faster asset growth than 38% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

27th percentile

-7.7%

Faster revenue growth than 27% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,745,030

Up $8,098 (+0.3%) from 2022

Net Assets

Up

$2,674,365

Up $15,246 (+0.6%) from 2022

Liabilities

Down

$70,665

Down $7,148 (-9.2%) from 2022

Revenue

Down

$2,241,723

Down $187,428 (-7.7%) from 2022

Expenses

Up

$2,228,237

Up $429,728 (+24%) from 2022

Net Income

Down

$13,486

Down $617,156 (-98%) from 2022

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2016: $1,250Liabilities 2016: $0Net Assets 2016: $1,2502016Assets 2017: $0Liabilities 2017: $22,783Net Assets 2017: -$22,7832017Assets 2018: $126,340Liabilities 2018: $14,357Net Assets 2018: $111,9832018Assets 2019: $196,054Liabilities 2019: $30,773Net Assets 2019: $165,2812019Assets 2020: $1,296,310Liabilities 2020: $38,340Net Assets 2020: $1,257,9702020Assets 2021: $1,875,734Liabilities 2021: $27,381Net Assets 2021: $1,848,3532021Assets 2022: $2,736,932Liabilities 2022: $77,813Net Assets 2022: $2,659,1192022Assets 2023: $2,745,030Liabilities 2023: $70,665Net Assets 2023: $2,674,3652023Assets 2024: $3,112,154Liabilities 2024: $102,269Net Assets 2024: $3,009,8852024

Highlighted filing

2023

Assets$2,745,030
Liabilities$70,665
Net Assets$2,674,365

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $1,250Expenses 2016: $0Net Income 2016: $1,2502016Revenue 2017: $47,103Expenses 2017: $71,136Net Income 2017: -$24,0332017Revenue 2018: $162,208Expenses 2018: $112,380Net Income 2018: $49,8282018Revenue 2019: $168,557Expenses 2019: $188,115Net Income 2019: -$19,5582019Revenue 2020: $1,418,921Expenses 2020: $326,232Net Income 2020: $1,092,6892020Revenue 2021: $2,223,966Expenses 2021: $1,319,497Net Income 2021: $904,4692021Revenue 2022: $2,429,151Expenses 2022: $1,798,509Net Income 2022: $630,6422022Revenue 2023: $2,241,723Expenses 2023: $2,228,237Net Income 2023: $13,4862023Revenue 2024: $2,720,746Expenses 2024: $2,386,851Net Income 2024: $333,8952024

Highlighted filing

2023

Revenue$2,241,723
Expenses$2,228,237
Net Income$13,486
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 13, 2024
Return Version
2022v5.0
Gross Receipts
$2,241,723
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$850,000$1,457,077▲ $607,077
Savings and Temporary Cash Investments$1,774,087$1,047,955▼ $726,132
Cash and Non-Interest-Bearing Accounts$55,333$194,630▲ $139,297
Prepaid Expenses and Deferred Charges$8,458$30,395▲ $21,937
Investments in Publicly Traded Securities$4,823$6,586▲ $1,763
Total Assets$2,736,932$2,745,030▲ $8,098
Other Assets Total$44,231$8,387▼ $35,844
Liabilities
Accounts Payable and Accrued Expenses$33,582$67,261▲ $33,679
Other Liabilities$44,231$3,404▼ $40,827
Total Liabilities$77,813$70,665▼ $7,148
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,659,119$1,840,715▼ $818,404
Net Assets With Donor Restrictions-$833,650-
Total Net Assets Fund Balance$2,659,119$2,674,365▲ $15,246
Total Liabilities and Net Assets / Fund Balance$2,736,932$2,745,030▲ $8,098
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emily HolthausDirector of ProgramsFT$113,077$629$113,706
Bevon JosephPresident and CEOFT$100,270$7,128$107,398
Elois JosephVP of StrategyFT$88,361$3,539$91,900
Kwesi SmithCEOFT-$2,371$2,371

Board Members and Trustees

NameTitle
Sizwe KamaraBoard President
Alfarida MohammedDirector
Angela JonesDirector
Catherine ClayDirector
Mark SebastianDirector
Michael PiperDirector
Sulin BaDirector
Virgil JonesDirector of Growth and Operational Excellence
Erika KingestuSecretary
Michael RothkopfTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,241,373
Program Service Revenue
$0
Investment Income
$315
Other Revenue
$35
All Other Contributions
$2,241,373
Change in Net Assets
$13,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,241,723
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$908,774
Total Revenue per Audited Statements
$3,150,497
Total Revenue per Form 990
$2,241,723
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,395,617
Salaries, Compensation, and Employee Benefits$832,620
Total Fundraising Expense$88,262
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$483,554$75,191$44,158$602,903
Fees for Services Other$96,380$141,379-$237,759
Fees for Services Accounting-$158,024-$158,024
Current Officers, Directors, Trustees, and Key Employees$127,478$12,170$4,867$144,515
Conferences and Meetings$70,051$11,841$1,872$83,764
Payroll Taxes$51,858$7,504$4,218$63,580
Fees for Services Legal-$56,180-$56,180
Information Technology$16,619$4,771$8,390$29,780
Other Expenses$736,988$31,472$15,000$15,000
Advertising$100$14,447$39$14,586
Other Employee Benefits$3,962$5,495$2,456$11,913
Office Expenses$5,841$4,977$411$11,229
Pension Plan Contributions$6,127$2,483$1,099$9,709
Travel$1,784$4,847-$6,631
Occupancy$4,584$663$386$5,633
Insurance-$2,247-$2,247
All Other Expenses-$958-$958
Total Functional Expenses$1,605,326$534,649$88,262$2,228,237

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,135,249
Expenses per Audited Statements$2,228,237
Total Expenses per Form 990$2,228,237
Expenses Not Reported on Form 990$907,012
Expenses Not Reported on Financial Statements$0
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Asset$3,404
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 A, Line 1A

The executive committee consists of the board president, treasurer, and another director of the board. The committee shall act with full authority of the board between board meetings, subject to statutory and board-imposed limitations on committee action.

Form 990, Part VI, Section A, Line 4

The bylaws were updated to remove the provision limiting the maximum number of board members to eight.

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

The ceo of greenwood project will email a draft copy of the form 990 to the governing board for their review prior to being filed.

Form 990, Part VI, Section B, Line 12C

Officers, directors and key employees are required to sign an annual conflict of interest policy. If a potential conflict exists, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors considering the proposed transaction or arrangement. The interested person may present at the governing board meeting, but must leave the room during the discussion and vote on the transaction or arrangement. This must be noted in the board minutes for that meeting.

Form 990, Part VI, Section B, Line 15

The ceo's compensation is directly linked to his performance and the attainment of organizational objectives. At the outset of every fiscal year, the ceo presents his personal and organizational goals to the board chair and executive committee. Following a meticulous review, these objectives are endorsed by both entities. The ceo's compensation is contingent upon a comprehensive assessment of his performance vis--vis these goals. Comparability data and nonprofit compensation guides are used to determine compensation. The ceo determines the compensation for direct reports. Managers set compensation for their staff. All compensation decisions are made in collaboration with hr to ensure they align with current market rates and benchmark data for similar roles in similar organizations and industries. After management and the ceo discuss and approve the compensation data, it is incorporated into the annual budget, which the board of directors subsequently approves.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Greenwood Project
EIN
81-1990763
Phone
3128198490
Address
231 S LASALLE STREET 2100, CHICAGO, IL 60604

Signing Officer

Name
Kwesi Smith
Title
Chief Executive Officer
Phone
3128198490
Signed
2024-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kwesi Smith
Formed
2016
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
17
Volunteers
45

Preparer

Firm
Cliftonlarsonallen Llp
Address
8215 GREENWAY BOULEVARD SUITE 600, MIDDLETON, WI 53562
Preparer
Kimberly Anderson
Phone
6086628600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees: program service expenses 96,380. Management and general expenses 141,379. Fundraising expenses 0. Total expenses 237,759.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR OF PROGRAMS
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IRS990/Form990PartVIISectionAGrp/TitleTxt3CEO
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IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt08390
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt04771
IRS990/InformationTechnologyGrp/ProgramServicesAmt016619
IRS990/InformationTechnologyGrp/TotalAmt029780
IRS990/InsuranceGrp/ManagementAndGeneralAmt02247
IRS990/InsuranceGrp/TotalAmt02247
IRS990/InvestmentIncomeGrp/ExclusionAmt0315
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0315
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04823
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06586
IRS990/IRPDocumentCnt090
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GREENWOOD'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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02659119
IRS990/NetAssetsOrFundBalancesEOYAmt02674365
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01760
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02659119
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01840715
IRS990/NoncashContributionsAmt01000
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0386
IRS990/OccupancyGrp/ManagementAndGeneralAmt0663
IRS990/OccupancyGrp/ProgramServicesAmt04584
IRS990/OccupancyGrp/TotalAmt05633
IRS990/OfficeExpensesGrp/FundraisingAmt0411
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04977
IRS990/OfficeExpensesGrp/ProgramServicesAmt05841
IRS990/OfficeExpensesGrp/TotalAmt011229
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt044231
IRS990/OtherAssetsTotalGrp/EOYAmt08387
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02456
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05495
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03962
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011913
IRS990/OtherExpensesGrp/Desc0STUDENT SUPPORT
IRS990/OtherExpensesGrp/Desc1FEES
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt04210
IRS990/OtherExpensesGrp/FundraisingAmt11156
IRS990/OtherExpensesGrp/FundraisingAmt215000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt031472
IRS990/OtherExpensesGrp/ProgramServicesAmt0736988
IRS990/OtherExpensesGrp/TotalAmt0741198
IRS990/OtherExpensesGrp/TotalAmt132628
IRS990/OtherExpensesGrp/TotalAmt215000
IRS990/OtherLiabilitiesGrp/BOYAmt044231
IRS990/OtherLiabilitiesGrp/EOYAmt03404
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt035
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt035
IRS990/OtherRevenueTotalAmt035
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt044158
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt075191
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0483554
IRS990/OtherSalariesAndWagesGrp/TotalAmt0602903
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt04218
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07504
IRS990/PayrollTaxesGrp/ProgramServicesAmt051858
IRS990/PayrollTaxesGrp/TotalAmt063580
IRS990/PensionPlanContributionsGrp/FundraisingAmt01099
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02483
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06127
IRS990/PensionPlanContributionsGrp/TotalAmt09709
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0850000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01457077
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08458
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030395
IRS990/PrincipalOfficerNm0KWESI SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02410668
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt05000
IRS990/PYInvestmentIncomeAmt0301
IRS990/PYOtherExpensesAmt01286604
IRS990/PYOtherRevenueAmt018182
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0630642
IRS990/PYSalariesCompEmpBnftPaidAmt0506905
IRS990/PYTotalExpensesAmt01798509
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02429151
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt013486
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01774087
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01047955
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2019 AMOUNT: $ 10,044. 2021 AMOUNT: $ 18,182. 2022 AMOUNT: $ 35.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE PRIOR YEAR (YEAR ENDED 9/30/2022) WAS A SHORT YEAR FOR THE PERIODS 1/1/22-9/30/22.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART II, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02257213
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02377193
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02223966
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01408877
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0168549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08435798
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0315
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0301
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0624
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt035
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt018182
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt010044
IRS990ScheduleA/OtherIncome170Grp/TotalAmt028261
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.64580
IRS990ScheduleA/PublicSupportPY170Pct00.62980
IRS990ScheduleA/PublicSupportTotal170Amt05466815
IRS990ScheduleA/SubstantialContributorsTotAmt02968983
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02257213
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02377193
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02223966
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01408877
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0168549
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08435798
IRS990ScheduleA/TotalSupportAmt08464683
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
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0907012
IRS990ScheduleD/DonatedServicesUseFcltsAmt0907012
IRS990ScheduleD/ExpensesNotReportedAmt0907012
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02228237
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01762
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03404
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT OF USE ASSET
IRS990ScheduleD/RevenueNotReportedAmt0908774
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02241723
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02228237
IRS990ScheduleD/TotalLiabilityAmt03404
IRS990ScheduleD/TotalRevenuePerForm990Amt02241723
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03150497
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03135249
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMMITTEE CONSISTS OF THE BOARD PRESIDENT, TREASURER, AND ANOTHER DIRECTOR OF THE BOARD. THE COMMITTEE SHALL ACT WITH FULL AUTHORITY OF THE BOARD BETWEEN BOARD MEETINGS, SUBJECT TO STATUTORY AND BOARD-IMPOSED LIMITATIONS ON COMMITTEE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BYLAWS WERE UPDATED TO REMOVE THE PROVISION LIMITING THE MAXIMUM NUMBER OF BOARD MEMBERS TO EIGHT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEO OF GREENWOOD PROJECT WILL EMAIL A DRAFT COPY OF THE FORM 990 TO THE GOVERNING BOARD FOR THEIR REVIEW PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN AN ANNUAL CONFLICT OF INTEREST POLICY. IF A POTENTIAL CONFLICT EXISTS, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE INTERESTED PERSON MAY PRESENT AT THE GOVERNING BOARD MEETING, BUT MUST LEAVE THE ROOM DURING THE DISCUSSION AND VOTE ON THE TRANSACTION OR ARRANGEMENT. THIS MUST BE NOTED IN THE BOARD MINUTES FOR THAT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CEO'S COMPENSATION IS DIRECTLY LINKED TO HIS PERFORMANCE AND THE ATTAINMENT OF ORGANIZATIONAL OBJECTIVES. AT THE OUTSET OF EVERY FISCAL YEAR, THE CEO PRESENTS HIS PERSONAL AND ORGANIZATIONAL GOALS TO THE BOARD CHAIR AND EXECUTIVE COMMITTEE. FOLLOWING A METICULOUS REVIEW, THESE OBJECTIVES ARE ENDORSED BY BOTH ENTITIES. THE CEO'S COMPENSATION IS CONTINGENT UPON A COMPREHENSIVE ASSESSMENT OF HIS PERFORMANCE VIS--VIS THESE GOALS. COMPARABILITY DATA AND NONPROFIT COMPENSATION GUIDES ARE USED TO DETERMINE COMPENSATION. THE CEO DETERMINES THE COMPENSATION FOR DIRECT REPORTS. MANAGERS SET COMPENSATION FOR THEIR STAFF. ALL COMPENSATION DECISIONS ARE MADE IN COLLABORATION WITH HR TO ENSURE THEY ALIGN WITH CURRENT MARKET RATES AND BENCHMARK DATA FOR SIMILAR ROLES IN SIMILAR ORGANIZATIONS AND INDUSTRIES. AFTER MANAGEMENT AND THE CEO DISCUSS AND APPROVE THE COMPENSATION DATA, IT IS INCORPORATED INTO THE ANNUAL BUDGET, WHICH THE BOARD OF DIRECTORS SUBSEQUENTLY APPROVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER FEES: PROGRAM SERVICE EXPENSES 96,380. MANAGEMENT AND GENERAL EXPENSES 141,379. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 237,759.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19

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