Evergreen Foundation Inc
- Assets
- $3.5m
- Revenue
- $387.8k
- Investments
- $2.4m
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 52-2010135
Organization Overview
Evergreen Foundation Inc is located in Chevy Chase, MD. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evergreen Foundation 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 12/2022, Evergreen Foundation Inc generated $387.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $239.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Evergreen Foundation Inc has awarded 261 individual grants totaling $2,166,807. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $303,000 |
| Interest on Savings | $1,470 |
| Dividends & Interest | $56,626 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,714 |
| Capital Gain Net Income | $26,714 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $387,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,746 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,746 |
| Contributions, gifts, grants paid | $225,135 |
| Total expenses and disbursements | $239,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,467 |
| Savings and temporary cash investments | $809,156 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,501,615 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Evergreen Foundation Inc has awarded $225,135 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
A SAFE PLACE PURPOSE: GENERAL FUND | $500 |
ALVIN ALLEY DANCE FOUDATION PURPOSE: GENERAL FUND | $515 |
ANNE FRANK HOUSE PURPOSE: GENERAL FUND | $3,500 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL FUND | $7,815 |
ARCADIA UNIVERSITY PURPOSE: GENERAL FUND | $2,500 |
AUSTEN RIGGS HOSPITAL PURPOSE: GENERAL FUND | $10,204 |