Greenspaces
- Assets
- $1.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Chattanooga, TN
- Founding
- 01/2011
- Data as of
- 12/2021
- EIN
- 27-2113695
Organization Overview
Greenspaces is located in Chattanooga, TN. The organization was established in 2011. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. As of 12/2021, Greenspaces employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenspaces is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Greenspaces generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $757.1k during the year ending 12/2021. While expenses have increased by 9.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GREENSPACES EXISTS TO FURTHER SUSTAINABILITY IN THE CHATTANOOGA REGION, BY PROMOTING AND DEVELOPING ENVIRONMENTALLY PREFERABLE PRACTICES FOR LIVING, WORKING AND BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREEN PRIX: ELECTRIC CAR DESIGN, BUILD, AND RACE FOR ELEMENTARY, MIDDLE, AND HIGH SCHOOL STUDENTS IN HAMILTON COUNTY TEACHING HANDS-ON MECHANICS, STEM, AND TEAMWORK.
BUILD IT GREEN (BIG): BIG PREPARES YOUNG ADULTS WITH UNTAPPED POTENTIAL FOR CAREERS IN CONSTRUCTION AND ENERGY SERVICE THROUGH A SIX MONTH - ONE YEAR LEADERSHIP AND WORKFORCE DEVELOPMENT TRAINING PROGRAM. THROUGH A PARTNERSHIP WITH BUILD ME A WORLD AND AMERICORPS OPPORTUNITY YOUTH SERVICE INITIATIVE, BIG AIMS TO GENERATE PATHWAYS OUT OF POVERTY FOR YOUNG ADULTS THROUGH LIFE STABILITY MENTORSHIP, JOB READINESS TRAINING, COMMUNITY ORGANIZING AND OUTREACH TRAINING, AND TECHNICAL TRAINING IN THE GREEN BUILDING FIELD.
GENERAL: EDUCATION AND TRAINING IN COMMMUNITY AND WITH PARTNERS FOR SUSTAINABILITY BEST PRACTICES.
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Walton Executive Director | Officer | 40 | $70,924 |
Paul Beckmann Treasurer | OfficerTrustee | 1 | $0 |
Becky English Vice Chair | OfficerTrustee | 0.5 | $0 |
Ken Jones Chair | OfficerTrustee | 0.5 | $0 |
Kevin Christopher Secretary | OfficerTrustee | 1 | $0 |
Erwin Ovalle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,934 |
| Related organizations | $0 |
| Government grants | $221,035 |
| All other contributions, gifts, grants, and similar amounts not included above | $645,310 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $886,279 |
| Total Program Service Revenue | $231,964 |
| Investment income | $1,131 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $538 |
| Net Gain/Loss on Asset Sales | -$3,869 |
| Net Income from Fundraising Events | -$4,586 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,111,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,524 |
| Compensation of current officers, directors, key employees. | $3,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,262 |
| Payroll taxes | $30,072 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,184 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,625 |
| Travel | $9,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,925 |
| Insurance | $7,421 |
| All other expenses | $0 |
| Total functional expenses | $757,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,019 |
| Savings and temporary cash investments | $476,188 |
| Pledges and grants receivable | $221,340 |
| Accounts receivable, net | $5,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,179 |
| Net Land, buildings, and equipment | $39,086 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,926 |
| Total assets | $1,050,938 |
| Accounts payable and accrued expenses | $30,658 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,658 |
| Net assets without donor restrictions | $659,790 |
| Net assets with donor restrictions | $360,490 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,050,938 |
Grants Awarded
Over the last fiscal year, Greenspaces has awarded $16,626 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: COMPETITIONS AND DESIGN AWARDS | $11,084 |
Knoxville, TN PURPOSE: COMPETITIONS AND DESIGN AWARDS | $5,542 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greenspaces has recieved totaling $17,000.
| Awarding Organization | Amount |
|---|---|
The Fullgraf Foundation Wilmington, DE PURPOSE: TO PROVIDE SUPPORT FOR THE 2022 AND 2023 GREEN PRIX EVENTS AND SPARE PARTS FOR THE GREEN PRIX COMPETITION CARS | $17,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Highlander Research & Education Center Inc New Market, TN | $43,871,555 | $34,419,377 |
Global Environment & Technology Foundation Arlington, VA | $13,937,500 | $15,203,934 |
Gulf Of Mexico Alliance Ocean Springs, MS | $16,033,278 | $2,434,480 |
The Longleaf Alliance Inc Andalusia, AL | $2,060,680 | $6,650,783 |
North Carolina Outward Bound School Asheville, NC | $30,850,226 | $8,824,225 |
Louisville Water Foundation Louisville, KY | $1,355,242 | $4,579,865 |
Eo Wilson Biodiversity Foundation Durham, NC | $4,025,157 | $3,687,280 |
Soar Inc Balsam, NC | $9,313,397 | $4,143,448 |
Chattahoochee Nature Center Inc Roswell, GA | $13,716,515 | $6,496,453 |
Eagles Nest Foundation Incorporated Pisgah Forest, NC | $6,201,338 | $3,726,714 |
Soil Health Academy Fort Payne, AL | $1,342,075 | $2,090,054 |
Great Smoky Mountain Institute Townsend, TN | $7,753,482 | $2,441,713 |