Overview
What is Greengoat Inc?
Greengoat Inc, based in Somerville, Massachusetts, is a nonprofit organization that focuses on minimizing waste in home construction projects. They collaborate with homeowners, builders, contractors, architects, and building owners to conserve resources during the construction process. Despite the challenges presented by the pandemic, Greengoat Inc managed to stay operational, thanks in part to funding from the Paycheck Protection Program (PPP). In 2021, they made a significant move to a new location, a farm originally developed in 1760, marking a new chapter in their mission to promote sustainable building practices. The organization currently employs two individuals.
Official website here: www.greengoat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Greengoat Inc has received a solid Three-Star rating from Charity Navigator, which reflects a strong performance in accountability and finance. The organization scored a commendable 87%, indicating that it adheres to high standards in financial management and transparency. This score is particularly significant as it is derived entirely from the Accountability & Finance beacon, showcasing the nonprofit's commitment to responsible governance.
The strengths of Greengoat Inc include 100% independent board members and no material diversion of assets, which are crucial for maintaining integrity and trust. Additionally, the organization has established policies for conflicts of interest, whistleblower protections, and document retention, all of which contribute to its solid financial practices. A high program expense ratio of 95.82% suggests that the majority of its resources are directed toward its mission and services.
However, while the financial indicators are strong, the overall rating is solely based on these metrics without consideration for other aspects such as program outcomes or community impact. The salary of the Executive Director is noted at $160,000, which may raise questions about compensation structures in relation to the organization’s overall financial health and service capacity.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Greengoat Inc?
100% of 7 reviewers on Facebook recommend Greengoat Inc. Here's a summary of their reviews:
Overall, the feedback highlights a strong appreciation for the services provided by the team. One user specifically praised Amy and the GreenGoat team for their outstanding support during a demolition project. They were pleased not only with the execution of the project but also with the financial benefits, such as the tax write-off facilitated by Amy’s expertise in accounting.
This positive sentiment suggests that Greengoat Inc. is successfully delivering on its promises, earning the trust and satisfaction of its clients. Users feel confident in recommending the organization to others, indicating a solid reputation within the community.
This AI summary has been generated from reviews found on Facebook.
Is Greengoat Inc legitimate?
Greengoat Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greengoat Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $154,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,016
For more financial information, click here
Official website here: www.greengoat.org
What is the mission statement of Greengoat Inc?
Greengoat Inc, an organization dedicated to resource conservation, works collaboratively with contractors, architects, and building owners to optimize resource usage during construction. Their mission is to minimize waste, a goal they strive to achieve by maximizing resource conservation in the construction industry. Despite challenges in 2021, they managed to maintain their operations and even relocated to a new, permanent home, originally developed in 1760. They have also focused on updating their software and moving their business forward.
Official website here: www.greengoat.org
Who is the CEO of Greengoat Inc?
Amy Bauman is the Executive Director of Greengoat Inc.
Official website here: www.greengoat.org
What is the revenue of Greengoat Inc?
Greengoat Inc's revenue in 2021 was $1,807,881.
Official website here: www.greengoat.org
Who are the executives of Greengoat Inc and what are their salaries?
The average compensation at Greengoat Inc during 2021 was $120,008. There are 2 employees at Greengoat Inc.
Here are 4 key members and their salaries:
- Compensation: $154,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.greengoat.org
Where can I find the form 990 for Greengoat Inc?
Greengoat Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.greengoat.org
Learn more at the official website: www.greengoat.org
Mission Statement of Greengoat Inc
Greengoat Inc, a forward-thinking organization, is dedicated to minimizing waste in the construction sector. By working closely with contractors, architects, and building owners, this company strives to maximize resource conservation during the construction process. Their mission is to ensure that the construction industry adopts sustainable practices, promoting a greener and more efficient future.
In a year marked by challenges, Greengoat Inc managed to maintain its course, even amidst the slowdown in business. With some funding from the Paycheck Protection Program (PPP), they continued their operations, focusing on software updates and relocating their business to a new permanent home. This move saw them settle down on a farm that was originally developed in 1760, a significant achievement that marked 2021 for Greengoat Inc.
This farm now serves as their operational base, symbolizing their commitment to sustainability and resource conservation. Greengoat Inc continues to strive towards a future where construction projects are not only efficient but also harmless to the environment. Their work is a testament to the power of innovation and the importance of sustainable practices in the construction industry.
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Impact
June, 2024
Greengoat Inc's impact lies in its commitment to working with homeowners and builders to minimize waste in construction projects. By collaborating with contractors, architects, and building owners, Greengoat helps maximize resource conservation during the construction process. Additionally, the organization's move to a new permanent home on a historic farm in Wayland, MA, emphasizes its dedication to sustainable practices and preservation of historical properties. Through initiatives like these, Greengoat Inc is contributing to a more environmentally conscious construction industry and promoting sustainability in the built environment.
This information is meant to be a general summary of Greengoat Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $37
- Program Service Revenue: $374,260
- Gross Receipts: $1,807,881
Assets and Liabilities:
- Total Assets: $1,064,311
- Total Liabilities: $36,658
- Net Assets: $1,027,653
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME TO HOME
Revenue
$374,260
Organization Details
Founding Year
2001
Phone
(617) 504-2095Principal Officer
Amy Bauman
Main Address
PO BOX 441911, SOMERVILLE, MA, 02144
Website
www.greengoat.orgNTEE Category
Code: C30 - Environment
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