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Nonprofit · EIN 45-4788246

GREENTOWN ORG INC

Tax-exempt · SOMERVILLE, MA 02143

Financials

$1.6M$1.6M2023$1.6M$1.7M2024
Revenue Expenses · by fiscal year end
Financials of GREENTOWN ORG INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,634,557$1,731,544-$96,987$574,963$390,949$184,014
December 31, 2023990$1,628,406$1,571,798$56,608$480,101$199,100$281,001
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,634,557
of which government grants
$1,210,497
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$120,891
Compensation of officers, directors and key employees
$265,319
Other salaries and wages
$649,239
Salaries, compensation and benefits (total)
$1,066,915
Professional fundraising fees
$0
Legal fees
$1,948
Accounting fees
$116,357
Occupancy
$2,777
Travel
$32,287
Program services (functional)
$1,309,352
Management and general (functional)
$274,177
Fundraising (functional)
$148,015

Balance sheet and other

Total assets, start of year
$480,101
Total assets, end of year
$574,963
Total liabilities, end of year
$390,949
Net assets, end of year
$184,014
Net assets without donor restrictions
$84,014
Net assets with donor restrictions
$100,000
Gross receipts
$1,634,557
Employees
14
Volunteers
0
Year formed
2011
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
LAURA TEICHERPRESIDENT/EXECUTIVE DIRECTOR
Officer
40$179,299$10,994
ADAM RODRIGUESVICE PRESIDENT
Highest-paid employee
40$155,209$1,738
PAUL BUTLERDIRECTOR OF PARTNERSHIPS
Highest-paid employee
40$104,241$1,080
ANYA LOSIKCLERK/CHIEF OF STAFF
Officer
40$93,345$9,880
RODNEY DOWELL CHAIRMAN UNTIL2/29/24)/DIRECTOR (ALL YEAR)
Trustee or director, Officer
1$0$0
SARAH JANE MAXTEDTREASURER/DIRECTOR
Trustee or director, Officer
1$0$0
JULIE CHENDIRECTOR
Trustee or director
1$0$0
RAJ MELVILLEDIRECTOR
Trustee or director
1$0$0
NINA BIRGERDIRECTOR
Trustee or director
1$0$0
ARTHUR TRAPOTSIS CHAIRMAN(ELECTED 2/29/24/DIRECTOR (ALL YEAR)
Trustee or director
1$0$0
BEN DOWNINGDIRECTOR
Trustee or director
1$0$0
ONYEKA OBIOCHADIRECTOR (THRU 5/24/24)
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensationOther / benefits
LAURA TEICHERPRESIDENT/EXECUTIVE DIRECTOR
Officer
40$163,269$25,285
ADAM RODRIGUESVICE PRESIDENT
Highest-paid employee
40$137,993$19,471
PAUL DAMIAN BUTLERDIRECTOR OF PARTNERSHIPS
Highest-paid employee
40$102,539$1,112
ANYA LOSIKCLERK(APPT 9/2023)/CHIEF OF STAFF
Officer
40$86,988$11,728
RODNEY DOWELLCHAIRMAN/DIRECTOR
Trustee or director, Officer
1$0$0
SARAH JANE MAXTEDTREASURER/DIRECTOR
Trustee or director, Officer
1$0$0
DANA CORDOVADIRECTOR (THRU 6/14/23)
Trustee or director
1$0$0
JULIE CHENDIRECTOR
Trustee or director
1$0$0
RAJ MELVILLEDIRECTOR
Trustee or director
1$0$0
NINA BIRGERDIRECTOR
Trustee or director
1$0$0
ELISSA KINGSLANDCLERK/DIRECTOR (THRU 06/23)
Trustee or director, Officer
1$0$0
ARTHUR TRAPOTSISDIRECTOR
Trustee or director
1$0$0
BEN DOWNINGDIRECTOR (APPT 3/3/23)
Trustee or director
1$0$0
ONYEKA OBIOCHADIRECTOR (APPT 12/6/23)
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
444 SOMERVILLE AVE, SOMERVILLE, MA 02143-3260
In care of
% MANAGING DIRECTOR
Mailing address (990-N for 2016)
28 Dane Street, Somerville MA 02143
Principal officer (990 for 2024)
LAURA TEICHER, 444 SOMERVILLE AVE, SOMERVILLE, MA 02143
Principal officer (990-N for 2016)
Joseph Steig, 28 Dane Street, Somerville MA 02143
Signed the 990
LAURA TEICHER, PRESIDENT/EXECUTIVE DIRECTOR
Phone
(888) 954-6836
Return prepared by
EAG NEW ENGLAND LLC

Mission

TO HELP INNOVATORS WITH PHYSICAL PRODUCTS NAVIGATE THE JOURNEY FROM PROTOTYPE THROUGH TO COMMERCIALIZATION AND IMPACT AT SCALE.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION STRENGTHENS REGIONAL ECONOMIES THROUGH PROGRAMMING THAT POWERS THE DEVELOPMENT OF EMERGING HARDTECH SOLUTIONS AND ENABLES LOCAL MANUFACTURING. PROGRAMMING INCLUDES PRODUCT DEVELOPMENT SUPPORT, MANUFACTURING READINESS EDUCATION, AND DIRECT FACILITATION OF LOCAL MANUFACTURING PARTNERSHIPS. THE ORGANIZATION ALSO PROVIDES NON-DILUTIVE PRODUCT DEVELOPMENT GRANTS, WHICH ARE DEPLOYED TO HIGH POTENTIAL STARTUPS TO SUPPORT ACHIEVING DISCRETE AND CRITICAL PRODUCT MILESTONES TO POSITION THE COMPANY TO UNLOCK NEXT STAGE TRACTION AND, ULTIMATELY, SCALED MANUFACTURING PRODUCTION.
    Expenses $1,309,352 · grants $120,891

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-4788246
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C35)
Assets (IRS master file)
$574,963
Income (IRS master file)
$1,634,557

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,634,557$1,731,544$574,963IRS
990December 2023$1,628,406$1,571,798$480,101XML
990December 2022$939,250$1,191,495$636,558IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990-EZDecember 2017–––IRS
990-N for 2016
Officer: Joseph Steig
December 31, 2016≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4788246).

Questions about GREENTOWN ORG INC

What is the EIN of GREENTOWN ORG INC?
The employer identification number (EIN) of GREENTOWN ORG INC is 45-4788246.
Is GREENTOWN ORG INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to GREENTOWN ORG INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does GREENTOWN ORG INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GREENTOWN ORG INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GREENTOWN ORG INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GREENTOWN ORG INC?
The 990 for the year ended December 31, 2024 names LAURA TEICHER.
Who are the officers and directors of GREENTOWN ORG INC?
The 990 for the year ended December 31, 2024 lists 12 people; 4 received compensation from the organization, the highest $179,299 (LAURA TEICHER, PRESIDENT/EXECUTIVE DIRECTOR).
How much revenue does GREENTOWN ORG INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,634,557, expenses of $1,731,544 and total assets of $574,963 at year end.

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