Evergreen Cooperative Corporation
- Assets
- $10.6m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 12/2012
- Data as of
- 12/2022
- EIN
- 45-2743815
Organization Overview
Evergreen Cooperative Corporation is located in Cleveland, OH. The organization was established in 2012. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evergreen Cooperative Corporation 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 12/2022, Evergreen Cooperative Corporation generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Evergreen Cooperative Corporation has awarded 35 individual grants totaling $1,807,270. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
1. TO PROMOTE, COORDINATE AND EXPAND ECONOMIC OPPORTUNITY AND WEALTH BUILDING THROUGH A NETWORK OF GREEN, COMMUNITY-BASED ENTERPRISES. 2. TO PROMOTE COMMUNITY STABILIZATION AND REVITALIZATION OF THE DISINVESTED NEIGHBORHOODS OF GREATER UNIVERSITY CIRCLE AND SIMILAR AREAS OF
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF EVERGREEN BUSINESS SERVICES, INC. FOR OPERATIONS INCLUDING WORKER, BOARD AND MANAGEMENT EDUCATION AND MANAGEMENT ASSISTANCE.
COMPENSATION FOR KEY MANAGEMENT WITH RESPECT TO EVERGREEN BUSINESS SERVICES, INC., EVERGREEN COOPERATIVE DEVELOPMENT FUND, LLC AND OTHER START-UP COOPERATIVE VENTURES. KEY MANAGEMENT IS CHARGED WITH THE RESPONSIBILITY TO SHARE THEIR KNOWLEDGE REGARDING COOPERATIVE OWNERSHIP, CAPITAL PLANNING AND BUDGETS, STRATEGIC PLANNING, THE IMPORTANCE AND ROLES OF COMPANY BOARD OF DIRECTORS AND COMMITTEES, AND OTHER IMPORTANT BUSINESS CONCEPTS WITH THE BOARD, STAFF, AND EMPLOYEES OF THE COOPERATIVE COMPANIES. FORMER WORKERS HAD THE OPPORTUNITY TO APPLY FOR THE JOBS AND THOSE RETAINED IMMEDIATELY RECEIVED A $1/HOUR PAY INCREASE. THE WORKERS ARE ELIGIBLE TO BECOME MEMBERS OF THE COOPERATIVE ASSOCIATION AFTER 6-MONTHS EMPLOYMENT AND SHARE IN THE PROFITS OF THE COMPANY. THIS ALSO PREVENTED THE LAUNDRY CONTRACT BEING AWARDED TO AN OUT-OF-TOWN PROVIDER AND LEAVING THE LAUNDRY FACILITY LOCATED IN THE LOW-INCOME AREA VACANT.
EMPLOYEE TRAINING
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi L Gartland Board Member | Trustee | 1 | $0 |
Kirk Neiswander Board Member | Trustee | 1 | $0 |
Andrea Kantor Vice Chair | Trustee | 1 | $0 |
Shawn Osborne Board Member | Trustee | 1 | $0 |
Ronald B Richard Board Chair | Trustee | 5 | $0 |
Angela Wilcoxson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250 |
| Total Program Service Revenue | $1,432,405 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,200,828 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,046,274 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $21,557 |
| Fees for services: Legal | $1,332 |
| Fees for services: Accounting | $9,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $46,188 |
| Office expenses | $10,799 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $571 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,688 |
| Insurance | $5,167 |
| All other expenses | $0 |
| Total functional expenses | $1,146,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,894,295 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,201,241 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,690,359 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $35,914 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,759,925 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,581,734 |
| Accounts payable and accrued expenses | $64,631 |
| Grants payable | $0 |
| Deferred revenue | $5,182,859 |
| 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 | $5,247,490 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $3,601,613 |
| Retained earnings, endowment, accumulated income, or other funds | $1,732,631 |
| Total liabilities and net assets/fund balances | $10,581,734 |
Grants Awarded
Over the last fiscal year, Evergreen Cooperative Corporation has awarded $0 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EVERGREEN BUSINESS SERVICES | | | $0 |
EVERGREEN ENERGY SOLUTIONS | | | $0 |
GREEN CITY GROWERS COOPERATIVE | | | $0 |