Civic Intelligence

Greentown Collaborative Inc

EIN 85-3807217 • 501(c)3 • Somerville, MA

View Organization Page

Profile

Greentown collaborative's mission is to accelerate climatetech innovation and commercialization by empowering entrepreneurs and enabling collaboration.

444 Somerville AveSomerville, MA 02143

www.greentownlabs.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.87x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

88th percentile

2.18x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

16th percentile

-11%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

7th percentile

-13%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-17%

Faster revenue growth than 13% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$37,398,401

Down $5,350,134 (-13%) from 2023

Liabilities

Down

$32,593,114

Down $3,664,230 (-10%) from 2023

Net Assets

Down

$4,805,287

Down $1,685,904 (-26%) from 2023

Operations
Liabilities / Revenue88th percentileNet Margin16th percentile

Revenue

Down

$14,959,742

Down $3,012,043 (-17%) from 2023

Expenses

Up

$16,645,646

Up $360,015 (+2.2%) from 2023

Net Income

Down

-$1,685,904

Down $3,372,058 (-200%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2021: $1,178,648Liabilities 2021: $60,375Net Assets 2021: $1,118,2732021Assets 2022: $5,705,925Liabilities 2022: $900,888Net Assets 2022: $4,805,0372022Assets 2023: $42,748,535Liabilities 2023: $36,257,344Net Assets 2023: $6,491,1912023Assets 2024: $37,398,401Liabilities 2024: $32,593,114Net Assets 2024: $4,805,2872024

Highlighted filing

2024

Assets$37,398,401
Liabilities$32,593,114
Net Assets$4,805,287
Open 2024 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2021: $1,160,000Expenses 2021: $41,727Net Income 2021: $1,118,2732021Revenue 2022: $7,644,770Expenses 2022: $3,950,006Net Income 2022: $3,694,7642022Revenue 2023: $17,971,785Expenses 2023: $16,285,631Net Income 2023: $1,686,1542023Revenue 2024: $14,959,742Expenses 2024: $16,645,646Net Income 2024: -$1,685,9042024

Highlighted filing

2024

Revenue$14,959,742
Expenses$16,645,646
Net Income-$1,685,904
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$37,398,401
Liabilities
$32,593,114
Net assets
$4,805,287
Revenue
$14,959,742
Expenses
$16,645,646
Net income
-$1,685,904
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$37.4$32.6$4.81$15.0$16.6$1.69
2023Detailed filing. Detailed filing data is available for this year.$42.7$36.3$6.49$18.0$16.3$1.69
2022Detailed filing. Detailed filing data is available for this year.$5.71$0.90$4.81$7.64$3.95$3.69
2021Detailed filing. Detailed filing data is available for this year.$1.18$0.06$1.12$1.16$0.04$1.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$14,997,125
Mission and Program Overview

Mission

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

To promote the identification and development of entrepreneurs and entrepreneurial efforts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,369,074$13,411,932▼ $1,957,142
Cash and Non-Interest-Bearing Accounts$3,413,145$3,783,514▲ $370,369
Pledges and Grants Receivable$2,748,668$1,622,317▼ $1,126,351
Intangible Assets$511,042$456,043▼ $54,999
Prepaid Expenses and Deferred Charges$174,585$160,220▼ $14,365
Accounts Receivable$38,940$55,792▲ $16,852
Total Assets$42,748,535$37,398,401▼ $5,350,134
Other Assets Total$20,493,081$17,908,583▼ $2,584,498
Liabilities
Other Liabilities$28,915,100$26,625,081▼ $2,290,019
Mortgage Notes Payable Secured by Investment Property$4,675,746$4,466,128▼ $209,618
Accounts Payable and Accrued Expenses$1,784,890$761,265▼ $1,023,625
Deferred Revenue$272,011$569,086▲ $297,075
Grants Payable$609,597$171,554▼ $438,043
Total Liabilities$36,257,344$32,593,114▼ $3,664,230
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,652,243$3,869,455▼ $782,788
Net Assets With Donor Restrictions$1,838,948$935,832▼ $903,116
Total Net Assets Fund Balance$6,491,191$4,805,287▼ $1,685,904
Total Liabilities and Net Assets / Fund Balance$42,748,535$37,398,401▼ $5,350,134

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$12,534,115$2,979,136$15,513,251
Equipment$877,817$275,075$1,152,892
Other Assets Org$17,067,179--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin KnoblochPresident & CEO (until July 2024)FT$197,945$37,698$235,643
David PrunerTex-e Executive Dir(until Sept 2024)FT$214,166$20,192$234,358
Joubin HatamzadehChief Operating OfficerFT$221,202$8,869$230,071
Julia TravagliniSVP, Marketing & CommunicationsFT$170,873$33,061$203,934
Aisling CarlsonSVP, PartnershipsFT$173,188$30,332$203,520
Timmeko LoveSVP & Head of HoustonFT$170,540$15,445$185,985
Mitchell BilczewskiAsst. Treasurer & ControllerFT$149,096$16,285$165,381
Greg RalichVP, Labs & SafetyFT$131,077$19,891$150,968
Brian DowlingSr. Director, FacilitiesFT$118,277$12,871$131,148
Kevin DuttPresident & CEO (may - Dec. 2024)FT$120,000-$120,000
Naheed MalikTreasurer & CFO (as of Nov 2024)FT$17,257$3,301$20,558

Board Members and Trustees

NameTitle
Jason HannaDirector
Bill AuletDirector (as of Dec. 2024)
Bob HarveyDirector (as of Dec. 2024)
Bobby TudorDirector (as of Dec. 2024)
David BaldwinDirector (as of Dec. 2024)
Georgina Campbell FlatterDirector (as of Dec. 2024)
Jane StrickerDirector (as of Dec. 2024)
Juan Carlos MoralesDirector (as of Dec. 2024)
Pamela ReeveDirector (as of Dec. 2024)
John HittDirector (as of May 2024)
Elizabeth Turnbull HenryDirector (may - Dec. 2024)
Barbara BurgerDirector (until August 2024)
Dawn JamesDirector (until Dec. 2024)
Jennifer DaloisioDirector (until Dec. 2024)
Katherine HamiltonDirector (until Dec. 2024)
Mitch TysonDirector (until Dec. 2024)
Hilary FlynnDirector (until March 2024)
Nidhi ThakarDirector (until Nov. 2024)
Nisha DesaiDirector (until Nov. 2024)
Leah EllisDirector (until Oct. 2024)
Sara MatternClerk
Suzanne OakleyInterim CFO (until Nov. 2024)

Highest Paid Contractors

ContractorServicesLocationCompensation
Suzanne OakleyCfo Services61 REVERE STREET 5, Boston, MA 02114$186,975
Foley Hoag LLPLegal155 SEAPORT BLVD, Boston, MA 02210$168,296
Cbiz Advisors LLCAccounting Services53 STATE STREET 17TH FLOOR, Boston, MA 02109$110,504
Revenue and Support

Revenue Composition

Contributions and Grants
$8,197,950
Program Service Revenue
$6,656,278
Investment Income
$47,276
Other Revenue
$58,238
All Other Contributions
$7,401,135
Change in Net Assets
$-1,685,904

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$120,000Fair Market Value
Total Noncash Contributions1$120,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,997,125
Revenue Not Reported on Financial Statements
$-37,383
Revenue Not Reported on Form 990
$513,175
Other Revenue Adjustments
$-37,383
Total Revenue per Audited Statements
$15,510,300
Total Revenue per Form 990
$14,959,742
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$10,385,971
Salaries, Compensation, and Employee Benefits$5,295,911
Total Fundraising Expense$1,040,185
Grants and Similar Amounts Paid$963,764
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$4,017,288$139,508$9,683$4,166,479
Other Salaries and Wages$2,368,251$883,680$548,159$3,800,090
Depreciation Depletion$1,982,142$54,998-$2,037,140
Current Officers, Directors, Trustees, and Key Employees$230,181$541,582$203,520$975,283
Grants to Domestic Orgs$921,008--$921,008
Insurance$223,969$217,923$79,363$521,255
Information Technology$264,175$111,122$45,964$421,261
Fees for Services Accounting$87,875$306,517-$394,392
Payroll Taxes$197,718$112,570$58,059$368,347
Fees for Services Other$22,549$202,296$44,549$269,394
Interest$264,010--$264,010
Travel$170,818$16,460$11,761$199,039
Fees for Services Legal-$161,414$20,000$181,414
Pension Plan Contributions-$119,763-$119,763
All Other Expenses$84,550$9,287$3,891$97,728
Advertising$14,678$80,828$1,632$97,138
Other Expenses$45,392$7,666$1,619$54,677
Foreign Grants$41,000--$41,000
Other Employee Benefits$410$31,934$84$32,428
Fees for Services Lobbying-$30,000-$30,000
Office Expenses$7,852$730$180$8,762
Grants to Domestic Individuals$1,756--$1,756
Total Functional Expenses$12,573,189$3,032,272$1,040,185$16,645,646

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$17,196,204
Expenses per Audited Statements$16,645,646
Total Expenses per Form 990$16,645,646
Expenses Not Reported on Form 990$550,558
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New York UniversityNew York, NY-Subawards for Program Support$445,963
Fraunhofer USA IncPlymouth, MI-Subawards for Program Support$100,000
Tex-e IncHouston, TX-Fiscal Sponsorship$56,426
Solidec IncHouston, TX-Participation in a Startup Accelerator Program$25,000
The University of Texas at AustinAustin, TX-Enable Student Participation in Summer Entrepenuarer Bootcamp$25,000
Browning the GreenspaceBoston, MA-Subawards for Program Support$22,750
AquasaicCambridge, MA501(c)(3)Participation in a Startup Accelerator Program$15,000
Atmospark Technologies IncBeaumont, TX501(c)(3)Participation in a Startup Accelerator Program$15,000
Axis Sky Renewables CorpWilmington, DE-Participation in a Startup Accelerator Program$15,000
Carbon Negative SolutionsRock Hill, NY-Participation in a Startup Accelerator Program$15,000
Cellsense LLCSomerville, MA-Participation in a Startup Accelerator Program$15,000
Coflux PurificationHouston, TX-Award for Pitch Competition$15,000
Eco ForgeWilmington, DE-Participation in a Startup Accelerator Program$15,000
High Tech Farm LLCBoston, MA-Participation in a Startup Accelerator Program$15,000
Seabound Carbon IncClaymont, DE-Participation in a Startup Accelerator Program$15,000
Biosfera Group LLCStafford, TX-Enable Student Participation in Summer Internship$11,521
Capwell Services IncHouston, TX-Enable Student Participation in Summer Internship$11,521
Mic Monitor LLC Dba CorrolyticsCopley, OH-Enable Student Participation in Summer Internship$11,521
Active Surfaces IncSalem, MA501(c)(3)Participation in a Startup Accelerator Program$10,000
Cmx2 Systems LLCNew Braunfels, TX-Award for Pitch Competition$10,000
Compact Membrane Systems Inc Dba ArdentNew Castle, DE-Participation in a Startup Accelerator Program$10,000
Drinkicks LLCHouston, TX-Participation in a Startup Accelerator Program$10,000
Earthbond Co (chidalu Onyenso)Cambridge, MA-Participation in a Startup Accelerator Program$10,000
Florrent IncAmherst, MA-Participation in a Startup Accelerator Program$10,000
FrakktalHouston, TX-Participation in a Startup Accelerator Program$10,000
Macrocycle TechnologiesCambridge, MA-Participation in a Startup Accelerator Program$10,000
Maple MaterialsRichmond, CA-Participation in a Startup Accelerator Program$10,000
Oxylus EnergyNew Haven, CT-Participation in a Startup Accelerator Program$10,000
Renewco2 IncCranford, NJ-Participation in a Startup Accelerator Program$10,000
Spadxtech LLCWorcester, MA-Participation in a Startup Accelerator Program$10,000
Calwave Powertechnologies IncBerkeley, CA-Enable Student Participation in Summer Internship$8,812

International Summary

Offices
0
Employees
0
Spending
$41,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Grants-00$15,000
Middle East and North AfricaGrants-00$15,000
North AmericaGrants-00$11,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$37,383
Fundraising Gross Income$19,760
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Houston Gala$75,625$19,760$391$19,369
Total Events$75,625$19,760$37,383$-17,623
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$26,032,081
Security Deposits$593,000
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Interim cfo services were provided by suzanne oakley.”

Form 990, Part VI, Section A, Line 4

“The bylaws were amended in december 2024 to include the right for two organizations to each designate one person for election as a director, provided that such designees shall be reasonably acceptable to the board.”

Form 990, Part VI, Section A, Line 7A

“Two organizations have the right to each designate one person for election as a director, provided that such designees shall be reasonably acceptable to the board.”

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

“The return is prepared by an external tax firm. The finance committee reviews a draft of the form 990 before filing and raises any questions with the tax preparer. The full board receives a final copy of the form 990, prior to filing.”

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

“Interested persons must disclose any transaction or arrangement which results in a conflict of interest to the board or committee of which they are a member. The board meets, reviews, and discusses any disclosed conflict of interest. The appropriate disciplinary actions, as determined by the board, are taken with respect to an interested person who has violated the conflict-of-interest policy. This applies to directors, officers, key employees, or committee members, and all others who are permitted to vote at board of director meetings.”

Form 990, Part VI, Section B, Line 15A

“The board of directors used a search firm to conduct a review of the ceo's compensation, using comparable market data. The ceo's salary and benefits are discussed and voted on by the full board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Greentown Collaborative Inc
EIN
85-3807217
Phone
8889546836
Address
444 SOMERVILLE AVE, SOMERVILLE, MA 02143

Signing Officer

Name
Kevin Dutt
Title
Interim CEO
Phone
8889546836
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Georgina Campbell Flatter
Formed
2020
Legal Domicile
Ma
Voting Board Members
10
Independent Board Members
10
Employees
78
Volunteers
23

Preparer

Firm
Cbiz Advisors LLC
Address
53 STATE STREET 17TH FLOOR, BOSTON, MA 02109
Preparer
Craig a Klein
Phone
6178075000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The organization has identified its tax status as a tax-exempt entity as its only significant tax position; however, the organization has determined that such tax position does not result in an uncertainty requiring recognition. The organization is not currently under examination by any taxing jurisdictions. The organization's federal and state tax returns are generally open for examination for three years following the date filed.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fundraising expenses -37,383.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses 37,383.”

Raw XML AppendixShowing 400 of 1,266 raw XML fields

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/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR (AS OF MAY 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR (AS OF DEC. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR (AS OF DEC. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR (AS OF DEC. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR (AS OF DEC. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR (AS OF DEC. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR (AS OF DEC. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT & CEO (MAY - DEC. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR (MAY - DEC. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR (AS OF DEC. 2024)
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR (UNTIL DEC. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR (UNTIL DEC. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR (UNTIL AUGUST 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR (UNTIL DEC. 2024)
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IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR (UNTIL NOV. 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR (UNTIL MARCH 2024)
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IRS990/Form990PartVIISectionAGrp/TitleTxt23CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt24PRESIDENT & CEO (UNTIL JULY 2024)
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IRS990/Form990PartVIISectionAGrp/TitleTxt32SVP & HEAD OF HOUSTON
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