Greenlight Fund Inc.
Greenlight Fund Inc.
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About this organization
Mission
The GreenLight Fund transforms the lives of children, youth and families in high-poverty urban areas by creating local infrastructure and a consistent annual process to: Identify critical needs, import innovative, entrepreneurial programs that can have a significant, measurable impact, and galvanize local support to help programs reach and sustain impact in the new city. We envision a national network of GreenLight Fund cities, working together and learning from each other to harness the vision and ambition of social entrepreneurs and accelerate the spread of proven programs that make lasting change for children, youth and families.
About
TO MEET ITS MISSION IN THE SEVEN 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 PROVIDES AROUND $600,000 OVER ORGANIZATIONS' 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 ELEVEN ORGANIZATIONS INTO BOSTON: FRIENDS OF THE CHILDREN-BOSTON, RAISING A READER-MASSACHUSETTS, PEER HEALTH EXCHANGE, YOUTH VILLAGES' LIFESET PROGRAM, THE FAMILY INDEPENDENCE INITIATIVE, SINGLE STOP USA, THE NEW TEACHER CENTER, COLLEGE ADVISING CORPS, BLUEPRINT SCHOOLS NETWORK, CAREMESSAGE AND BECOMING A MAN.SINCE 2012 WHEN IT WAS ESTABLISHED IN PHILADELPHIA, GREENLIGHT PHILADELPHIA HAS IMPORTED SINGLE STOP USA, YEAR UP, CENTER FOR EMPLOYMENT OPPORTUNITIES, PARENT-CHILD HOME PROGRAM, AND COMPASS WORKING CAPITAL 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 AND PARENT-CHILD HOME PROGRAM INTO THE BAY AREA, SINCE 2015 WHEN IT WAS FOUNDED IN CINCINNATI, GREENLIGHT CINCINNATI HAS IMPORTED CENTER FOR EMPLOYMENT OPPORTUNITIES AND FAMILY INDEPENDENCE INITIATIVE INTO THE CITY. SINCE 2016 WHEN IT WAS FOUNDED IN DETROIT, GREENLIGHT DETROIT HAS IMPORTED CENTER FOR EMPLOYMENT OPPORTUNITY INTO THE CITY.IN 2017, GREENLIGHT FUND LAUNCHED ITS SIXTH SITE, CHARLOTTE. IN 2018, GREENLIGHT CHARLOTTE BEGAN MAKING ITS FIRST SELECTION AND WILL MAKE ITS FIRST INVESTMENT DECISION TO IMPORT TO CHARLOTTE IN EARLY 2019.IN 2018, GREENLIGHT FUND LAUNCHED ITS SEVENTH SITE, KANSAS CITY, AND WILL BEGIN ITS FIRST SELECTION PROCESS IN EARLY 2019.ACROSS THE GREENLIGHT FUND'S SEVEN LOCATIONS, IN 2018 GREENLIGHT-SUPPORTED ORGANIZATIONS REACHED 72,420 CHILDREN, YOUTH AND FAMILIES WITH THEIR INNOVATIVE PROGRAMS THAT ARE ACHIEVING MEASURABLE RESULTS IN THEIR EFFORTS TO TRANSFORM LIVES.
Interesting data from their 2019 990 filing
The filing reveals the mission of the non-profit as “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.”.
When detailing its functions, they were listed as: “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.”.
- According to the law, the state where the non-profit operates has been reported as MA.
- The filing specifies that the non-profit's address in 2019 was 120 ST JAMES AVENUE 4TH FLOOR, BOSTON, MA, 02116.
- As of 2019, the non-profit's form shows they have a total of 23 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $7,728,643.
- The organization has 7 independent voting members.
- The organization was formed in 2003.
- The organization pays $1,725,180 in salary, compensation, and benefits to its employees.
- The organization pays $108,554 in fundraising expenses.
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