Evergreen Business Capital
- Assets
- $8.3m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 31
- Location
- Seattle, WA
- Founding
- 05/1982
- Data as of
- 09/2021
- EIN
- 91-1118298
Organization Overview
Evergreen Business Capital is located in Seattle, WA. The organization was established in 1982. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Evergreen Business Capital employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evergreen Business Capital is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2021, Evergreen Business Capital generated $5.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $5.3m during the year ending 09/2021. While expenses have increased by 2.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION AUTHORIZED OVER 174 LOANS TOTALING $140 MILLION FOR CAPITAL PROJECTS WORTH $200 MILLION. THESE PROJECTS ARE PROJECTED TO CREATE MORE THAN 700 JOBS IN THE NEXT TWO YEARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Kibbe President/ceo | OfficerTrustee | 40 | $171,724 |
Gary Parker Senior Loan Officer | 40 | $160,098 | |
Tal Williams Senior Loan Officer | 40 | $148,280 | |
Wendy Avila Senior Loan Officer | 40 | $133,281 | |
Annie Lant-Smith Evp/coo | OfficerTrustee | 40 | $122,562 |
Lori Milton Senior Loan Sales Manager | 40 | $119,471 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $350,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,960 |
| Total Program Service Revenue | $5,148,675 |
| Investment income | $364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$7,854 |
| 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 | $5,500,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $351,130 |
| 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. | $500,752 |
| Compensation of current officers, directors, key employees. | $150,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,164,992 |
| Pension plan accruals and contributions | $197,483 |
| Other employee benefits | $257,383 |
| Payroll taxes | $232,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,102 |
| Advertising and promotion | $72,369 |
| Office expenses | $160,244 |
| Information technology | $137,003 |
| Royalties | $0 |
| Occupancy | $338,468 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,358 |
| Interest | $101,669 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,024 |
| Insurance | $79,206 |
| All other expenses | $5,896 |
| Total functional expenses | $5,297,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,429,243 |
| Savings and temporary cash investments | $1,376,646 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110,328 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $876,608 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $75,413 |
| Net Land, buildings, and equipment | $2,798,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $646,064 |
| Total assets | $8,313,121 |
| Accounts payable and accrued expenses | $442,359 |
| 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 | $2,735,397 |
| Unsecured mortgages and notes payable | $648,144 |
| Other liabilities | $809,811 |
| Total liabilities | $4,635,711 |
| Net assets without donor restrictions | $3,677,410 |
| 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 | $8,313,121 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aleutian-Pribilof Islands Anchorage, AK | $38,968,570 | $29,437,372 |
Friends Of Seattle Waterfront Seattle, WA | $32,295,569 | $18,451,565 |
Yakima County Development Association Yakima, WA | $2,653,869 | $12,280,886 |
Association Of Washington Cities Olympia, WA | $23,978,792 | $13,838,038 |
Hacienda Community Development Corporation Portland, OR | $42,129,547 | $14,753,048 |
Klamath-Lake Community Action Services Klamath Falls, OR | $1,233,106 | $7,011,875 |
The Contingent Portland, OR | $16,984,824 | $8,759,620 |
Southeast Effective Development Seattle, WA | $44,851,964 | $4,590,608 |
Evergreen Business Capital Seattle, WA | $8,313,121 | $5,500,753 |
Clean & Safe Inc Portland, OR | $4,418,996 | $6,074,621 |
Community Frameworks Spokane, WA | $20,309,475 | $6,692,007 |
Interim Community Development Association Seattle, WA | $18,632,697 | $4,931,753 |