2024-11-05T14:32:32-06:00 2023-12-31 263753134 CBIZ ADVISORS LLC 500 BOYLSTON STREET BOSTON MA 02116 990 2023-01-01 853807217 GREENTOWN COLLABORATIVE INC GREE 8889546836 444 SOMERVILLE AVE SOMERVILLE MA 02143 KEVIN DUTT INTERIM CEO 8889546836 2024-11-04 1 1 CRAIG A KLEIN P00734640 6177610600 2024-11-04 2023 2024-10-15 13:58:12Z KEVIN DUTT 444 SOMERVILLE AVE SOMERVILLE MA 02143 17971785 0 X WWW.GREENTOWNLABS.COM X 2020 MA TO PROMOTE THE IDENTIFICATION AND DEVELOPMENT OF ENTREPRENEURS AND ENTREPRENEURIAL EFFORTS. 11 9 83 13 0 0 7631380 13086401 13390 4885188 0 196 0 0 7644770 17971785 337500 1237247 0 0 3023251 6106514 0 0 1163847 589255 8941870 3950006 16285631 3694764 1686154 5705925 42748535 900888 36257344 4805037 6491191 GREENTOWN COLLABORATIVE'S MISSION IS TO ACCELERATE CLIMATETECH INNOVATION AND COMMERCIALIZATION BY EMPOWERING ENTREPRENEURS AND ENABLING COLLABORATION. 0 0 11744144 1237247 4885188 TO PROMOTE SYSTEMATIC, INFRASTRUCTURAL AND EQUITABLE CHANGES TO OUR ECONOMY TO MITIGATE, ADAPT & INCREASE RESILIENCE TO THE EFFECTS OF CLIMATE CHANGE THROUGH AN ENTREPRENEURIAL TRANSFORMATION WITHIN ALL SECTORS OF OUR ECONOMY; TO SUPPORT AND PROMOTE THE IDENTIFICATION AND DEVELOPMENT OF ENTREPRENEURS AND ENTREPRENEURIAL EFFORTS WHICH ARE ENGAGED IN THE DEVELOPMENT OF CLIMATE TECHNOLOGY; TO EDUCATE AND INSTRUCT THE GENERAL PUBLIC ABOUT THE EFFECTS OF CLIMATE CHANGE AND PRACTICAL CLIMATE TECHNOLOGY AND CLEAN TECHNOLOGY SOLUTIONS AND TO ADVANCE SCIENTIFIC RESEARCH DIRECTED TOWARD BENEFITING THE PUBLIC FOR THE PURPOSE OF AIDING THE SURROUNDING COMMUNITY AND GEOGRAPHICAL AREA. 11744144 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 46 0 1 83 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X KEVIN DUTT 8889546836 444 SOMERVILLE AVE SOMERVILLE MA 02143 MATTHEW NORDAN DIRECTOR (UNTIL JUNE 2023) 1.00 0.00 X 0 0 0 KATHLEEN THEOHARIDES DIRECTOR (UNTIL NOV. 2023) 1.00 0.00 X 0 0 0 KATHERINE HAMILTON DIRECTOR/CHAIR 1.00 0.00 X 0 0 0 MITCH TYSON DIRECTOR 1.00 0.00 X 0 0 0 EMILY REICHERT DIRECTOR(UNTIL AUG '23)/CEO EMERITUS 40.00 0.00 X X 245289 0 7736 KEVIN KNOBLOCH PRESIDENT/CEO (AS OF SEPT. 2023) 40.00 0.00 X X 100443 0 4784 JASON HANNA INTERIM PRES./CEO (JUNE - SEPT 2023) 40.00 0.00 X X 68010 0 6441 DAWN JAMES DIRECTOR 1.00 0.00 X 0 0 0 BARBARA BURGER DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER DALOISIO DIRECTOR 1.00 0.00 X 0 0 0 NISHA DESAI DIRECTOR 1.00 0.00 X 0 0 0 LEAH ELLIS DIRECTOR 1.00 0.00 X 0 0 0 NIDHI THAKAR DIRECTOR 1.00 0.00 X 0 0 0 HILARY FLYNN DIRECTOR 1.00 0.00 X 0 0 0 GILDA BARBARINO DIRECTOR (UNTIL JUNE 2023) 1.00 0.00 X 0 0 0 KEVIN TAYLOR INTERIM PRES./CEO (UNTIL JUNE 2023) 40.00 0.00 X 332847 0 13464 TANA BOONE CLERK/CPO (UNTIL OCT. 2023) 40.00 0.00 X 221672 0 25034 MITCHELL BILCZEWSKI TREASURER/CONTROLLER 40.00 0.00 X 147691 0 16171 SARA MATTERN SECRETARY/CLERK 1.00 0.00 X 0 0 0 JULIANA GARAIZAR SAGARMINAGA CDO 40.00 0.00 X 224662 0 6745 JOUBIN HATAMZADEH COO 40.00 0.00 X 214181 0 6094 JULIA TRAVAGLINI SVP, MARKETING & COMMUNICATIONS 40.00 0.00 X 172123 0 9439 JASON ETHIER SR. DIRECTOR, MEMBERSHIP 40.00 0.00 X 156878 0 11760 MAYA NITZBERG VP, COMMUNITY 40.00 0.00 X 142930 0 12971 2026726 0 120639 19 0 1 0 MORGAN LEWIS BOCKIUS LLP 1701 MARKET STREET PHILADELPHIA PA 19103 LEGAL 208279 FOLEY HOAG LLP 155 SEAPORT BLVD BOSTON MA 02210 LEGAL 175382 RUSSELL REYNOLDS 101 CALIFORNIA STREET SAN FRANCISCO CA 94111 CEO RECRUITING 154800 VERITAS LANE LLC 29 HILLCREST ROAD GLEN RIDGE NJ 07028 MANAGEMENT 105833 4 2862189 778081 9446131 2876409 13086401 MEMBERSHIP LICENSE FEES 541900 4764993 4764993 EVENTS AND TOURS 541900 120195 120195 4885188 196 196 17971785 4885188 0 196 940867 940867 1532 1532 294848 294848 1048313 1048313 4359385 2660906 1026505 671974 74160 74160 167654 27691 109441 30522 457002 225368 170277 61357 315687 160197 155490 341625 121929 148784 70912 30000 30000 412512 113841 129448 169223 132172 44057 44058 44057 89591 83291 6280 20 662439 473504 138901 50034 3160372 3160372 171552 59124 96838 15590 402409 397835 4574 211015 211015 1304168 1304168 451207 250534 152090 48583 FACILITIES & EQUIP. 981375 981375 ACCELORATOR PROGRAMMING 170392 170392 INCUBATOR PROGRAMMING 58080 58080 BANK FEES 36819 36819 10455 3218 5662 1575 16285631 11744144 3377640 1163847 1411086 3413145 2288179 2748668 38940 38272 174585 16641144 1272070 455947 15369074 511042 1512441 20493081 5705925 42748535 885983 1784890 609597 13550 272011 4675746 1355 28915100 900888 36257344 X 3957876 4652243 847161 1838948 4805037 6491191 5705925 42748535 1686154 0 X 0 1 X 1 0 X 0 1160000 7631380 13086401 21877781 1160000 7631380 13086401 21877781 7569831 14307950 196 196 21877977 4898578 X FORM 990, SCHEDULE A - PUBLIC SUPPORT SHORT YEAR THE ORGANIZATION WAS INCORPORATED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS ON OCTOBER 7, 2020. THEREFORE, THE 2020 TAX YEAR (OCTOBER 7, 2020 TO DECEMBER 31, 2020) IS A SHORT YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 30000 30000 0 PART II-B, LINE 1: GREENTOWN COLLABORATIVE, INC. PAYS A THIRD PARTY COMPANY TO ADVOCATE SPECIFIC STATE LEGISLATION. 15488252 1181350 14306902 1152892 90720 1062172 15369074 DUE FROM RELATED PARTY 167106 SECURITY DEPOSITS 995777 RIGHT-OF-USE ASSET - OPERATING LEASES 19330198 20493081 SECURITY DEPOSITS 616513 OPERATING LEASE LIABILITIES 28298587 28915100 X 18292381 320596 320596 17971785 0 17971785 16606227 320596 320596 16285631 0 16285631 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE ORGANIZATION'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. 1 NORTH AMERICA 0 0 GRANTS 40250 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS 254598 0 0 0 0 0 0 294848 0 294848 NORTH AMERICA PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM 17000 ACH / WIRE TRANSFER 0 NORTH AMERICA PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM 10000 ACH / WIRE TRANSFER 0 NORTH AMERICA PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM 10000 ACH / WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM 15000 ACH / WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM 72400 ACH / WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM 16629 ACH / WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM 72400 ACH / WIRE TRANSFER 0 EUROPE (INCLUDING ICELAND & GREENLAND) PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM 72400 ACH / WIRE TRANSFER 0 0 8 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION OBTAINS GRANT AGREEMENTS, HOWEVER WRITTEN PROCEDURES ARE STILL IN DEVELOPMENT AT THE TIME OF THIS FILING. 1 ACTIVE SURFACES INC 50 ORCHARD ST SALEM MA 01970 921104799 20000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM BROWNING THE GREENSPACE 50 MILK ST BOSTON MA 02109 853806985 501(C)(3) 30000 0 SUBAWARDS FOR PROGRAM SUPPORT CAPRO-X INC 116 W GREEN ST ITHACA NY 14850 371862631 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM CAPTURE6 CORP 490 43RD ST OAKLAND CA 94609 874073027 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM CARAVEL BIO INC 4640 S MACADAM AVE PORTLAND OR 97239 883363273 15752 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM CARBON TO STONE INC 109 LARISA LN ITHACA NY 14850 881858423 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM CARBON UPCYCLING INC 314 E STATE ST ITHACA NY 14850 371976413 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM CORUMAT INC 1123 N 6TH AVE YAKIMA WA 98902 842517296 16632 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM C-QUESTER INC 5649 ALHAMBRA AVE LOS ANGLES CA 90032 883842454 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM DRINKICKS LLC PO BOX 223 PORT ARTHUR TX 77641 883667032 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM EARTHBOND CO 8 CHAPMAN PLACE CAMBRIDGE MA 02138 883352283 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM ENDEAVOR COMPOSITES 2370 CHERAHALA BLVD KNOXVILLE TX 37932 842097974 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM FLORRENT INC 240 THATCHER RD AMHERST MA 01003 850582240 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM GLOBAL ALGAE INNOVATIONS INC PO BOX 1962 SAN DIEGO CA 92159 455319556 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM HEMPITECTURE INC 323 LEWIS ST KETCHUM ID 83340 833002000 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM HYPERKELP 1084 N EL CAMINO REAL ENCINITAS CA 92024 870866863 70400 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM FRAKKTAL 4200 SAN JACINTO ST HOUSTON TX 77004 851994930 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM LYDIAN LABS 3 DARTHMOUTH ST SOMERVILLE MA 02145 861901315 16149 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM MAPLE MATERIALS 1301 S 46TH ST RICHMOND CA 94804 460698420 17000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM NEW YORK UNIVERSITY 50 WEST 4TH ST NEW YORK NY 10012 135562308 501(C)(3) 209559 0 SUBAWARDS FOR PROGRAM SUPPORT PURO RENEWABLES 1300 MONAD TERRACE MIAMI BEACH FL 33139 902104233 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM REVOLUTION TURBINE TECHNOLOGIES LLC 4200 SAN JACINTO ST HOUSTON TX 77004 472122304 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM SEADEEP 2101 NORTHWEST COROPORATE BLVD BOCA RATON FL 33431 854045017 72383 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM SPADXTECH LLC 17 BRIDEN ST WORCESTER MA 01605 851244806 10000 0 PARTICIPATION IN A STARTUP ACCELERATOR PROGRAM TEXAS A&M UNIVERSITY 400 BIZZELL ST COLLEGE STATION TX 77843 264169042 501(C)(3) 16000 0 ENABLE STUDENT PARTICIPATION IN SUMMER ENTREPENUARER BOOTCAMP URBAN FUTURE LAB AT NYU 50 WEST 4TH ST NEW YORK NY 10012 135562308 501(C)(3) 284463 0 SUBAWARDS FOR PROGRAM SUPPORT UNIVERSITY OF TEXAS AT AUSTIN 110 INNER CAMPUS DR AUSTIN TX 78712 746000203 501(C)(3) 7200 0 ENABLE STUDENT PARTICIPATION IN SUMMER ENTREPENUARER BOOTCAMP 5 22 PART I, LINE 2: THE ORGANIZATION OBTAINS GRANT AGREEMENTS, HOWEVER WRITTEN PROCEDURES ARE STILL IN DEVELOPMENT AT THE TIME OF THIS FILING. X X 1 0 0 0 0 0 0 1 0 KEVIN TAYLOR INTERIM PRES./CEO (UNTIL JUNE 2023) 131440 0 0 0 201407 0 5015 0 8449 0 346311 0 0 0 EMILY REICHERT DIRECTOR(UNTIL AUG '23)/CEO EMERITUS 185130 0 60000 0 159 0 7359 0 377 0 253025 0 0 0 TANA BOONE CLERK/CPO (UNTIL OCT. 2023) 190793 0 0 0 30879 0 4750 0 20284 0 246706 0 0 0 JULIANA GARAIZAR SAGARMINAGA CDO 218237 0 5000 0 1425 0 5263 0 1482 0 231407 0 0 0 JOUBIN HATAMZADEH COO 212764 0 0 0 1417 0 4998 0 1096 0 220275 0 0 0 JULIA TRAVAGLINI SVP, MARKETING & COMMUNICATIONS 170923 0 0 0 1200 0 4005 0 5434 0 181562 0 0 0 JASON ETHIER SR. DIRECTOR, MEMBERSHIP 107641 0 0 0 49237 0 3303 0 8457 0 168638 0 0 0 MITCHELL BILCZEWSKI TREASURER/CONTROLLER 141418 0 5000 0 1273 0 3457 0 12714 0 163862 0 0 0 MAYA NITZBERG VP, COMMUNITY 141689 0 0 0 1241 0 3313 0 9658 0 155901 0 0 0 PART I, LINE 4A KEVIN TAYLOR RECEIVED SEVERANCE OF $165,693 IN 2023. PART I, LINE 7 SOME OFFICERS AND HIGHLY COMPENSATED EMPLOYEES REPORTED ON PART VII OF THE FORM 990 RECEIVED A DISCRETIONARY PERFORMANCE BONUS IN 2023. THE BONUSES ARE DETERMINED BASED ON THE MARKET RATE FOR SIMILAR ROLES AT OTHER SIMILAR ORGANIZATIONS. THE BONUS WAS APPROVED BY THE BOARD OF DIRECTORS. X TANGIBLE ASSETS 1 2832777 FAIR MARKET VALUE X LAB EQUIP. 1 43632 FAIR MARKET VALUE 1 0 0 0 PART I, COLUMN (B): THE NUMBER LISTED IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 2 KEVIN TAYLOR AND EMILY REICHERT - BUSINESS RELATIONSHIP, GREENTOWN LABS, INC. JASON HANNA AND EMILY REICHERT - BUSINESS RELATIONSHIP, GREENTOWN LABS, INC. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN EXTERNAL TAX FIRM. THE FINANCE COMMITTEE REVIEWS A DRAFT OF THE FORM 990 BEFORE FILING AND RAISES ANY QUESTIONS WITH THE TAX PREPARER. THE FULL BOARD RECEIVES A FINAL COPY OF THE FORM 990, PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C INTERESTED PERSONS MUST DISCLOSE ANY TRANSACTION OR ARRANGEMENT WHICH RESULTS IN A CONFLICT OF INTEREST TO THE BOARD OR COMMITTEE OF WHICH THEY ARE A MEMBER. THE BOARD MEETS, REVIEWS, AND DISCUSSES ANY DISCLOSED CONFLICT OF INTEREST. THE APPROPRIATE DISCIPLINARY ACTIONS, AS DETERMINED BY THE BOARD, ARE TAKEN WITH RESPECT TO AN INTERESTED PERSON WHO HAS VIOLATED THE CONFLICT-OF-INTEREST POLICY. THIS APPLIES TO DIRECTORS, OFFICERS, KEY EMPLOYEES, OR COMMITTEE MEMBERS, AND ALL OTHERS WHO ARE PERMITTED TO VOTE AT BOARD OF DIRECTOR MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS USED A SEARCH FIRM TO CONDUCT A REVIEW OF THE CEO'S COMPENSATION, USING COMPARABLE MARKET DATA. THE CEO'S SALARY AND BENEFITS ARE DISCUSSED AND VOTED ON BY THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. GREENTOWN LABS INC 444 SOMERVILLE AVE SOMERVILLE MA 02143 800942811 LICENSE OF LAB SPACE DE N/A C 0 GREENTOWN LABS HOUSTON INC 444 SOMERVILLE AVE SOMERVILLE MA 02143 843459444 LICENSE OF LAB SPACE DE GREENTOWN COLLABORATIVE INC C 1 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 GREENTOWN LABS HOUSTON INC S 4541062 FMV