Greenling Sidebar: Is Greenlining in financial trouble? 

Final Installment on the Greenlining Institute's "legalized extortion" of banks, their role in the housing crisis, and strong-arming of private philanthropies.

When Orson Aguilar took over last year as executive director of the Greenlining Institute, he assumed the reins of an organization in the fifth year of a steady decline in revenue and net assets. Salaries paid to the group’s 43 employees were on the rise, too, according to the group’s most recent available IRS Form 990 tax return.

During the five years since 2004, Greenlining’s annual voluntary contributions have declined from $7,594,775 to $2,020,824 in 2006, and $1,632,579 in 2008. The previous low year, according to the group’s 2006 990 was 2002 when revenues totaled $2,212,212.

Aguilar did not respond to a request from the Washington Examiner for comment on these figures. The percentage of Greenlining’s total support from voluntary donors declined from 94.8 percent in 2007 to 87.7 percent in 2008.  

Greenlining’s reported lobbying expenditures were $58,117 in 2007 and $67,528 in 2008. Those figures do not include the cost of expenses incurred in travel, speeches and other forms of public policy advocacy that also influence legislators, journalists and government officials.

Greenlining’s assets include the building in which it operates, land and equipment, which total $5,871,006. The group’s total assets are valued at $17,796,288, a decline from $20,504,667 in 2007. – Mark Tapscott

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Mark Tapscott

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