Overview
What is Greentownorg Inc?
Greentownorg Inc, based in Somerville, Massachusetts, is a nonprofit organization with a mission to strengthen regional innovation ecosystems and connect local economies, particularly by assisting innovators in bringing their ideas from physical prototypes to commercialization and impact at scale. Known as Forge, they provide initiatives, programs, and partnerships to help innovators navigate the journey from concept to production, ultimately promoting local manufacturing and economic growth. Their work primarily involves preparing and connecting innovators within their community, with a focus on fostering a supportive environment for growth and success.
Official website here: www.forgeimpact.org
What are the reviews and ratings of this charity?
93% rating from Charity Navigator.
Greentownorg Inc has achieved a Four-Star out of Four Star rating, indicating a strong performance in accountability and financial management. The organization boasts 100% independent board members, ensuring unbiased governance, and has an excellent score in various categories, including financial oversight and conflict of interest policies.
The charity allocates a significant portion of its budget to programs, with a program expense ratio of 78.77%, demonstrating its commitment to mission-driven activities. There are no reported issues regarding the diversion of assets, reflecting a high level of trust in financial integrity. While the overall metrics are strong, the liabilities to assets ratio of 53.67% may warrant further attention in evaluating long-term fiscal health.
This AI summary has been generated from information found on Charity Navigator.
Is Greentownorg Inc legitimate?
Greentownorg Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greentownorg 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: $169,836
Professional Fundraising Fees: $0
Other Salaries and Wages: $417,963
For more financial information, click here
Official website here: www.forgeimpact.org
What is the mission statement of Greentownorg Inc?
Greentownorg Inc is dedicated to aiding innovators in navigating their journey from physical prototypes to commercialization and achieving impact at scale. The organization provides initiatives, programs, and partnerships that specifically strengthen regional innovation ecosystems, and establish connections between local economies, with an emphasis on preparing and linking innovators to local manufacturing. In essence, their mission is to facilitate the growth and success of innovative ideas, ultimately leading to a broader impact.
Official website here: www.forgeimpact.org
Who is the CEO of Greentownorg Inc?
Laura Teicher is the Clerk(Until 5/4/22)/Director of Greentownorg Inc.
Official website here: www.forgeimpact.org
What is the revenue of Greentownorg Inc?
Greentownorg Inc's revenue in 2022 was $939,250.
Official website here: www.forgeimpact.org
Who are the executives of Greentownorg Inc and what are their salaries?
The average compensation at Greentownorg Inc during 2022 was $53,436. There are 11 employees and 1 volunteer at Greentownorg Inc.
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- Compensation: $138,668
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- Other: $22,283
Official website here: www.forgeimpact.org
Where can I find the form 990 for Greentownorg Inc?
Greentownorg Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.forgeimpact.org
Learn more at the official website: www.forgeimpact.org
Mission Statement of Greentownorg Inc
Greentownorg Inc is an organization dedicated to assisting innovators in navigating their journey from physical prototyping to commercialization and impact at scale. The mission of Greentownorg Inc is multifaceted, focusing on strengthening regional innovation ecosystems and building links between local economies. By preparing and connecting innovators to manufacture locally, Greentownorg Inc aims to foster a thriving innovation environment, fostering growth and scalability. The organization's initiatives, programs, and partnerships are specifically designed to support and empower innovators, ultimately driving progress and positive change.
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Impact
June, 2024
Greentownorg Inc plays a pivotal role in supporting innovators to navigate the journey from physical prototype through to commercialization and impact at scale. By providing initiatives, programs, and partnerships that strengthen regional innovation ecosystems, Greentownorg Inc actively works to build linkages between local economies with a focus on preparing and connecting innovators to manufacture locally. Based in Somerville, MA, Greentownorg Inc's mission is to foster innovation and drive impact in the environment sector. Their efforts contribute significantly to fostering a culture of innovation and sustainability in their community and beyond.
This information is meant to be a general summary of Greentownorg 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 2022.
- Gross Receipts: $939,250
Assets and Liabilities:
- Total Assets: $636,558
- Total Liabilities: $341,644
- Net Assets: $294,914
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Organization Details
Founding Year
2011
Phone
(888) 954-6836Principal Officer
Laura Teicher
Main Address
444 SOMERVILLE AVE, SOMERVILLE, MA, 02143
Website
www.forgeimpact.orgNTEE Category
Code: C35 - Environment
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