Evergreen Climate Innovations

Organization Overview

Evergreen Climate Innovations is located in Chicago, IL. The organization was established in 2011. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2021, Evergreen Climate Innovations employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evergreen Climate Innovations 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, Evergreen Climate Innovations generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

EVERGREEN CLIMATE INNOVATIONS IS A CLEAN TECH ACCELERATOR THAT FUELS INNOVATION TO CREATE A HEALTHIER ENVIRONMENT AND MORE PROSPEROUS FUTURE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE 501VC INVESTMENT PROGRAM IS THE MECHANISM THROUGH WHICH EVERGREEN PROVIDES CATALYTIC CAPITAL AND SUPPORT TO EARLY-STAGE ENTREPRENEURS. THERE ARE THREE COMPONENTS TO THE INVESTMENT PROGRAM: FIND, FUND, AND GROW. "FIND" REPRESENTS THE EFFORT EVERGREEN UNDERTAKES TO IDENTIFY AND RECRUIT HIGH-POTENTIAL ENTREPRENEURS INTO ITS PROGRAMMING. "FUND" REFERS TO THE INVESTMENTS EVERGREEN MAKES IN THE PROMISING STARTUPS FOUNDED BY THESE ENTREPRENEURS. "GROW" DESCRIBES THE ONGOING ENGAGEMENT AND PROGRAMMING EVERGREEN PROVIDES STARTUPS AND ENTREPRENEURS THAT ARE PART OF ITS PORTFOLIO. THIS SUPPORT ENCOMPASSES EDUCATIONAL CONTENT, MENTORING, BUSINESS DEVELOPMENT ASSISTANCE, AND FUNDRAISING SUPPORT.


EVERGREEN RECEIVED A GRANT FROM THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION TO LAUNCH ENTREPRENEURIAL SUPPORT PROGRAMS. CORE IS THE STRUCTURED FUNDRAISING PROGRAM DESIGNED TO CATALYZE ADDITIONAL INVESTMENT FROM INSTITUTIONAL INVESTORS IN A SECTOR AND REGION WHERE RAISING CAPITAL IS EXTREMELY CHALLENGING. WORKING WITH INDIVIDUAL STARTUPS, EVERGREEN HELPS THESE COMPANIES SUCCESSFULLY EXECUTE FUNDRAISING BY ASSESSING INVESTMENT READINESS, HELPING PREPARE FINANCIAL MODELS AND PRESENTATION MATERIALS, SUPPORTING OUTREACH TO FUNDERS, SUPPORTING DUE DILIGENCE REQUESTS FROM POTENTIAL INVESTORS, AND ADVISING ON DEAL TERM NEGOTIATION. THESE ARE TIME CONSUMING ACTIVITIES AND EVERGREEN'S ENGAGEMENT NOT ONLY ENSURES GREATER SUCCESS BUT ALSO FREES TIME FOR THE ENTREPRENEURS TO FOCUS ON THEIR CORE BUSINESSES.


WITH SUPPORT FROM FOUNDATION GRANTS, EVERGREEN LEADS A CLEAN ENERGY EMPLOYMENT TRENDS STUDY ENCOMPASSING A REGION COVERING 12 MIDWEST STATES. THE DATA IS USED TO ILLUSTRATE THE GROWTH AND CONTRIBUTION OF THIS SECTOR TO ECONOMIC DEVELOPMENT AND IS A VALUABLE RESOURCE TO POLICYMAKERS AND LEGISLATORS. THE CLEAN JOBS MIDWEST STUDY IS A COMPONENT OF A LARGER NATIONAL STUDY CONDUCTED BY A CONSORTIUM OF PARTNERS, ENCOMPASSING ALL 50-STATES AND THE DISTRICT OF COLUMBIA.


EVERGREEN CLIMATE INNOVATIONS IS ALSO ENGAGED IN SEVERAL OTHER PROJECTS, INCLUDING THE DEPARTMENT OF ENERGY MIDWEST INNOVATION BRIDGE PROJECT, WHICH TRANSLATES RESEARCH AND ENTREPRENEURIAL INNOVATION IN THE CLEAN ENERGY SPACE INTO PRODUCTS AND SERVICES, AND CLEANTECH UNIVERSITY PRIZE PROJECT, WHICH CLEAN ENERGY TRUST USES TO SHOWCASE THE MOST INNOVATIVE AND PROMISING UNIVERSTIY-BASED CLEANTECH COMPANIES IN THE MIDWEST. THE FERMI NATIONAL LABORATORY PROJECT IS A CONSULTING CONTRACT FOR PLANNING AND ENGAGEMENT TO ENABLE INFORMED COMMERCIALIZATION AND POSITION IARC TO BEING BUILDING KEY FUNDING AND SPONSORSHIP RELATIONSHIPS FOR THE TEST FACILITY AND TO CONVENE AND FACILITATE TWO ROUNDTABLE DISCUSSIONS WITH KEY INDUSTRY STAKEHOLDERS TO PROVIDE FERMILAB WITH SUCH MARKET INSIGHT


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Resolute Consulting
Marketing And Public Relations
$195,125
Freshwater Advisors
Consultants
$150,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $361,774
All other contributions, gifts, grants, and similar amounts not included above$2,975,638
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,337,412
Total Program Service Revenue$0
Investment income $73,667
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $973,543
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,384,622

Grants Awarded

Over the last fiscal year, Evergreen Climate Innovations has awarded $90,000 in support to 2 organizations.

Grant RecipientAmount

AEROSPEC TECHNOLOGIES

PURPOSE: DOE 570 STUDENT PRIZE

$50,000

SUN BUCKETS INC

PURPOSE: 2017 CHALLENGE PRIZE

$40,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Evergreen Climate Innovations has recieved totaling $70,000.

Awarding OrganizationAmount
Philotimo Foundation

Minneapolis, MN

PURPOSE: GENERAL SUPPORT

$70,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or