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← EVERGREEN BUSINESS CAPITAL COMMUNITY FINANCE

Form 990 for tax year 2024

Filed by EVERGREEN BUSINESS CAPITAL COMMUNITY FINANCE.

Totals

Total revenue
$402,441
Total expenses
$300,451
Contributions and grants received
$182,040
Grants paid
$0
Program service revenue
$178,323
Investment income
$42,078
Other revenue
$0
Total assets, end of year
$5,779,869
Total liabilities, end of year
$4,204,241
Net assets or fund balances, end of year
$1,575,628
Program services expenses (Part IX)
$139,372
Management and general expenses
$139,999
Fundraising expenses
$21,080
Program service expenses (Part III)
$139,372

Program services were 46.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $100,000

  • 1e · Government grants (contributions)

    $31,590

  • 1f · All other contributions, gifts and grants

    $50,450

  • 2a · Program service revenue: LOAN SERVICES FEES

    total $141,352 · related or exempt $141,352

  • 2b · Program service revenue: LOAN INTEREST

    total $22,971 · related or exempt $22,971

  • 2c · Program service revenue: LOAN SALE PREMIUM

    total $14,000 · related or exempt $14,000

  • 3 · Investment income

    total $42,078 · excluded $42,078

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $104,004 · program services $77,567 · management and general $26,437

  • 9 · Other employee benefits

    total $11,589 · program services $8,643 · management and general $2,946

  • 10 · Payroll taxes

    total $9,849 · program services $7,346 · management and general $2,503

  • 11g · Fees: other

    total $160,850 · program services $42,074 · management and general $97,696 · fundraising $21,080

  • 12 · Advertising and promotion

    total $1,209 · program services $461 · management and general $748

  • 20 · Interest

    total $3,929 · program services $1,759 · management and general $2,170

  • 24a · Other expenses: BUSINESS TAXES

    total $4,630 · program services $386 · management and general $4,244

  • 24b · Other expenses: OTHER EXPENSES

    total $4,391 · program services $1,136 · management and general $3,255

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,152,486 · end of year $2,238,755

  • 2 · Savings and temporary cash investments

    beginning of year $3,279,321 · end of year $2,798,571

  • 7 · Other notes and loans receivable

    beginning of year $463,425 · end of year $742,543

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,864 · end of year $23,256

  • 19 · Deferred revenue

    beginning of year $63,894 · end of year $98,968

  • 23 · Secured mortgages and notes payable

    beginning of year $3,279,320 · end of year $2,798,571

  • 24 · Unsecured notes and loans payable

    beginning of year $100,000 · end of year $100,000

  • 25 · Other liabilities

    beginning of year $918,416 · end of year $1,183,446

  • 27 · Net assets without donor restrictions

    beginning of year $1,429,738 · end of year $1,575,628

  • 28 · Net assets with donor restrictions

    beginning of year $100,000 · end of year $0

Mission and programs · 2024

Mission

OUR MISSION IS TO PROVIDE SUPERIOR ECONOMIC DEVELOPMENT SOLUTIONS THAT SUPPORT SMALL BUSINESS STABILITY, GROWTH, AND JOB CREATION; AND CREATE INCREASED INCOME AND WEALTH AMONG PEOPLE WHO DO NOT YET HAVE ACCESS TO THE ECONOMIC MAINSTREAM.

  • EVERGREEN BUSINESS CAPITAL COMMUNITY FINANCE (EBCCF) IS DEDICATED TO OFFERING BUSINESS CAPITAL SERVICES THAT ENHANCE SMALL BUSINESS GROWTH IN WASHINGTON, OREGON, IDAHO, AND ALASKA. IN 2024, THE ORGANIZATION FUNDED 7 FLEX FUND 2.0 AND 13 BRIDGE BUILDER LOANS TOTALING $842,593.

    Expenses $139,372 · Revenue $178,323

As filed on the 2024 return.

Listed in Part VII

  • Patricia Kibbe

    PRESIDENT/CEO

    Total calculated
    $322,330
    From this org
    $0
    From related orgs
    $293,738
    Other
    $28,592
    Hours/week
    19 + 21 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,738 related
    Bonus
    $0 + $36,000 related
    Other
    $0
    Deferred
    $0 + $15,374 related
    Nontaxable benefits
    $0 + $13,218 related
    Filer's total
    $0 + $322,330 related

  • Ken Takahashi

    CHAIR

    Total calculated
    $4,200
    From this org
    $0
    From related orgs
    $4,200
    Other
    $0
    Hours/week
    3 + 4 related

  • Stacy Tomuro

    VICE CHAIR

    Total calculated
    $7,800
    From this org
    $0
    From related orgs
    $7,800
    Other
    $0
    Hours/week
    2 + 3 related

  • Thomas Kuljam

    SECRETARY

    Total calculated
    $7,800
    From this org
    $0
    From related orgs
    $7,800
    Other
    $0
    Hours/week
    3 + 4 related

  • Karen McIver

    TREASURER

    Total calculated
    $7,800
    From this org
    $0
    From related orgs
    $7,800
    Other
    $0
    Hours/week
    3 + 4 related

  • Rashad Morris

    MEMBER

    Total calculated
    $6,600
    From this org
    $0
    From related orgs
    $6,600
    Other
    $0
    Hours/week
    3 + 4 related

  • Amit Ranade

    MEMBER

    Total calculated
    $3,150
    From this org
    $0
    From related orgs
    $3,150
    Other
    $0
    Hours/week
    2 + 3 related

  • Tara Vagen

    MEMBER

    Total calculated
    $4,200
    From this org
    $0
    From related orgs
    $4,200
    Other
    $0
    Hours/week
    2 + 3 related

  • Sarah Howard

    MEMBER

    Total calculated
    $1,050
    From this org
    $0
    From related orgs
    $1,050
    Other
    $0
    Hours/week
    2 + 3 related

  • David Frederick Combs

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Annie Lant-Smith

    EVP/COO

    Total calculated
    $199,207
    From this org
    $0
    From related orgs
    $170,069
    Other
    $29,138
    Hours/week
    19 + 21 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,069 related
    Bonus
    $0 + $18,000 related
    Other
    $0
    Deferred
    $0 + $9,509 related
    Nontaxable benefits
    $0 + $19,629 related
    Filer's total
    $0 + $199,207 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
RELATED 501(C)(4) ORGANIZATION USES APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO DETERMINE PRESIDENT/CEO'S PAY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
1 April 2026
IRS schema version
2024v5.5
Source object
202640929349301514

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