2024-10-29T14:06:30-05:00 2023-12-31 111986323 MARCUM LLP 100 WESTMINSTER STREET SUITE 500 PROVIDENCE RI 02903 990 2023-01-01 260163730 SOCIAL ENTERPRISE GREENHOUSE SOCI 4012722558 10 DAVOL SQUARE 100 PROVIDENCE RI 02903 JULIE OWENS CEO 4012722558 2024-10-28 1 1 DEBRA MITCHELL P00614576 4016004500 2024-10-28 2023 2024-10-15 13:58:12Z JULIE OWENS 10 DAVOL SQUARE 100 PROVIDENCE RI 02903 2520289 0 X SEGREENHOUSE.ORG X 2007 RI SOCIAL ENTERPRISE GREENHOUSE (SEG) MISSION IS TO ACCELERATE IMPACT BY PROVIDING INCLUSIVE SUPPORT AND NETWORKS FOR ENTREPRENEURS AND BUSINESSES COMMITTED TO POSITIVE SOCIETAL AND ECONOMIC CHANGE. SEG FOSTERS AN ECOSYSTEM OF DIVERSE STAKEHOLDERS WHO WORK TO ENABLE A MORE JUST, EQUITABLE, AND RESILIENT ECONOMY. 19 19 26 95 0 0 1781274 2339858 177837 169072 4980 11359 18153 0 1982244 2520289 550633 470500 0 0 1172109 1513335 0 0 65454 678435 546083 2401177 2529918 -418933 -9629 1756260 1889194 947642 1090014 808618 799180 X SOCIAL ENTERPRISE GREENHOUSE (SEG) MISSION IS TO ACCELERATE IMPACT BY PROVIDING INCLUSIVE SUPPORT AND NETWORKS FOR ENTREPRENEURS AND BUSINESSES COMMITTED TO POSITIVE SOCIETAL AND ECONOMIC CHANGE. SEG FOSTERS AN ECOSYSTEM OF DIVERSE STAKEHOLDERS WHO WORK TO ENABLE A MORE JUST, EQUITABLE, AND RESILIENT ECONOMY. 0 0 1383033 131000 3030 VENTURE DEVELOPMENT -SEG'S DELIVERS VENTURE DEVELOPMENT THROUGH A COMPREHENSIVE MENU OF PROGRAMS AND SERVICES DESIGNED TO MEET ENTREPRENEURS AND SMALL BUSINESSES WHERE THEY ARE IN TERMS OF LIFECYCLE AND GEOGRAPHIC LOCATION. ADDITIONALLY, SEG TAILORS ITS PROGRAMMING TO BE CULTURALLY AND LINGUISTICALLY RESPONSIVE. SEG'S SIGNATURE PROGRAMS INCLUDE AN IDEATOR, INCUBATOR, INCUBADORA AND ACCELERATOR, WHICH WORK AS A PIPELINE FOR ENTREPRENEURS TO EXPLORE AN IDEA, BUILD A BUSINESS, AND GROW THEIR VENTURES. THESE PROGRAMS ARE COUPLED WITH ADDITIONAL SERVICES SUCH AS ADVISING FROM EXPERT VOLUNTEERS. IN 2023 SEG SERVED OVER 332 ENTREPRENEURS AND VENTURES IN BOTH ENGLISH AND SPANISH ACROSS SEG'S PROGRAMS AND SERVICES. SEG PROMOTES ENTREPRENEURS WHO HAVE BEEN HISTORICALLY EXCLUDED. IN 2023 OVER 66 PERCENT OF SEG VENTURES WERE WOMEN OWNED AND OVER 55% WERE BIPOC OWNED. SEG'S PORTFOLIO OF VENTURES ARE FIRMLY ROOTED IN SOCIAL IMPACT AND SPAN A VARIETY OF INDUSTRIES, INCLUDING HEALTH AND WELLNESS, FOOD AND AGRICULTURE, AND ENVIRONMENT. 162252 130502 SEG HUB - THIS PROGRAM IS A CO-WORKING SPACE FOR SOCIAL ENTREPRENEURS. THE SEG HUB IS RHODE ISLAND'S FIRST COMMUNITY AND CO-WORKING SPACE WHERE SOCIAL ENTREPRENEURS, MENTORS, AND BUSINESS PROFESSIONALS COME TOGETHER TO LEARN, WORK, NETWORK, AND SHARE IDEAS. 553981 339500 35540 OTHER ACTIVITIES THAT PROMOTE AND SCALE SOCIAL ENTERPRISES, INCLUDING A LOAN FUND TO SUPPORT HIGH POTENTIAL SOCIAL VENTURES. 2099266 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 29 0 26 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 RI X THE ORGANIZATION 4012722558 10 DAVOL SQUARE 100 PROVIDENCE RI 02903 DAVID MELANCON CO-CHAIR 5.00 X 0 0 0 MJ KAPLAN CO-CHAIR 5.00 X 0 0 0 BEN ANDERSON DIRECTOR 5.00 X 0 0 0 REBEKA MAZZONE DIRECTOR 5.00 X 0 0 0 DAN CROCKER DIRECTOR 5.00 X 0 0 0 JULIA MCDOWELL DIRECTOR 5.00 X 0 0 0 GARY RINDNER DIRECTOR 5.00 X 0 0 0 DWAYNE KEYS DIRECTOR 5.00 X 0 0 0 TINO CHOW DIRECTOR 5.00 X 0 0 0 SANDY ROSS DIRECTOR 5.00 X 0 0 0 EZENWAYI AMAECHI EJIRIBE DIRECTOR 5.00 X 0 0 0 CHARON ROSE DIRECTOR 5.00 X 0 0 0 ALEX HAMMER DUCAS DIRECTOR 5.00 X 0 0 0 KIM ANDERSON DIRECTOR 5.00 X 0 0 0 CLAUDIA CARDOZO DIRECTOR 5.00 X 0 0 0 MICHAEL HENDERSON DIRECTOR 5.00 X 0 0 0 SCOT JONES DIRECTOR 5.00 X 0 0 0 SONIA MILLSOM DIRECTOR 5.00 X 0 0 0 HEATHER PROVINO DIRECTOR 5.00 X 0 0 0 JULIE OWENS CEO 40.00 X 88965 0 0 MATTHEW RAMIREZ COO 40.00 X 116384 0 0 HINA MUSA INTERIM CEO 40.00 X 89463 0 0 294812 0 0 1 0 0 0 0 1557655 782203 2339858 PROGRAM FEES 541610 169072 169072 169072 11359 11359 2520289 169072 0 11359 443500 443500 27000 27000 1287207 1080974 149735 56498 111714 95146 13375 3193 114414 97254 11736 5424 235446 150946 84500 10202 8875 1026 301 84552 67947 16567 38 26795 18551 8244 123019 96731 26288 5033 853 4180 16924 7684 9240 22132 580 21552 12173 12173 BAD DEBT EXPENSE 6153 245 5908 NON-REIMBURSEABLE 3654 2980 674 2529918 2099266 365198 65454 963782 497152 173741 178536 352817 354882 14417 146917 172917 5587 10429 244349 155580 107631 88769 3720 574157 1756260 1889194 106843 139790 653299 166302 187500 783922 947642 1090014 X 636967 712151 171651 87029 808618 799180 1756260 1889194 -9629 191 0 X X 0 1 X 1 1 1 X 880001 3171544 1547066 1776735 2339858 9715204 880001 3171544 1547066 1776735 2339858 9715204 213969 9501235 6799 2604 2903 4980 11359 28645 9743849 0.97510 0.98190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 175593 98280 77313 68756 57300 11456 88769 SECURITY DEPOSITS 3720 RIGHT OF USE ASSET 525277 OTHER CURRENT ASSETS 45160 574157 LOAN FUND 251250 LEASE LIABILITY 532672 783922 X 2520289 0 2520289 0 2520289 2529918 0 2529918 0 2529918 PART X, LINE 2: SEG IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE LAW. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, SEG MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE MEASUREMENT OF UNRECOGNIZED TAX POSITIONS IS ADJUSTED WHEN NEW INFORMATION IS AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED TAX POSITIONS ARE CLASSIFIED AS INTEREST EXPENSE AND INCOME TAX EXPENSE, RESPECTIVELY, IN THE CONSOLIDATED STATEMENT OF ACTIVITIES. SEG DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS IN 2023 OR 2022. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF SEG AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBTI). THE TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE ARE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. SEG IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENDING OR IN PROGRESS. 0 HOPE AND MAIN 50000 0 SUPPORT RHODE ISLAND BLACK BUSINESS ASSOCIATION 50000 0 SUPPORT CENTER FOR SOUTHEAST ASIANS 50000 0 SUPPORT RI HISPANIC CHAMBER OF COMMERCE 50000 0 SUPPORT BEAT THE STREETS NEW ENGLAND 25000 0 SUPPORT RIVERZEDGE ARTS PROJECT INC 15000 0 SUPPORT RHODE ISLAND BLACK STORYTELLERS 50000 0 SUPPORT THE STACKHOUSE LLC 10000 0 SUPPORT FUERZA LABORAL 20000 0 SUPPORT GRANTS 4 27000 MATERNOVA EMPLOYEE'S COMPANY - RENTS SPACE FROM SEG 5775 OFFICE SPACE 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL CONFLICT OF INTEREST STATEMENT/DISCLOSURES ARE COMPLETED AND SIGNED ANNUALLY BY BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC THROUGH REQUEST OF THE CEO. FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SEG LOAN FUND LLC 10 DAVOL SQUARE SUITE 100 PROVIDENCE RI 02903 371854121 NON-PROFIT LOAN FUND FOR SOCIAL ENTERPRISES. RI 6564 122041 SOCIAL ENTERPRISE GREENHOUSE