Evergreen Elementary Inc
- Assets
- $4.9m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 50
- Location
- Racine, WI
- Founding
- 08/2014
- Data as of
- 06/2022
- EIN
- 46-2609897
Organization Overview
Evergreen Elementary Inc is located in Racine, WI. The organization was established in 2014. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Evergreen Elementary Inc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evergreen Elementary Inc 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 06/2022, Evergreen Elementary Inc generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 13.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EDUCATIONAL SERVICES TO K4 THROUGH 8TH GRADE TO THE LOCAL RACINE AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL ASSISTANCE TO LOCAL RACINE AREA STUDENTS
PROVIDE FOOD SERVICE TO STUDENTS ATTENDING SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Meier Officer | Officer | 45 | $150,000 |
Hillary Huck Officer | Officer | 45 | $120,000 |
Grant Meier Founder | Officer | 0 | $0 |
Gerald Kirkland Officer | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,718,308 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,718,308 |
| Total Program Service Revenue | $67,706 |
| Investment income | $211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,799 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,831,195 |
| 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 | $1,679,859 |
| Compensation of current officers, directors, key employees. | $270,000 |
| 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 | $251,690 |
| Payroll taxes | $158,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,854 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,289 |
| Advertising and promotion | $2,257 |
| Office expenses | $17,336 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $385,991 |
| Travel | $0 |
| 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 | $130,582 |
| Insurance | $26,318 |
| All other expenses | $137,075 |
| Total functional expenses | $3,480,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,219,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,211 |
| 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 | $34,538 |
| Net Land, buildings, and equipment | $3,500,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,551 |
| Total assets | $4,856,017 |
| Accounts payable and accrued expenses | $305,136 |
| 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 | $2,376,665 |
| Unsecured mortgages and notes payable | $12,986 |
| Other liabilities | $0 |
| Total liabilities | $2,694,787 |
| Net assets without donor restrictions | $2,161,230 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,856,017 |
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