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← EVERGREEN COOPERATIVE CORPORATION

Form 990 for tax year 2024

Filed by EVERGREEN COOPERATIVE CORPORATION.

Totals

Total revenue
$1,700,663
Total expenses
$1,057,012
Contributions and grants received
$0
Grants paid
$917,798
Program service revenue
$739,849
Investment income
$0
Other revenue
$960,814
Total assets, end of year
$11,273,191
Total liabilities, end of year
$39,662
Net assets or fund balances, end of year
$11,233,529
Program services expenses (Part IX)
$917,798
Management and general expenses
$139,214
Fundraising expenses
$0
Program service expenses (Part III)
$917,798

Program services were 86.8% 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.

  • 2a · Program service revenue: Program Service Revenue

    total $739,849 · related or exempt $739,849

  • 11a · Other revenue: Interest Income

    total $580,055 · related or exempt $580,055

  • 11b · Other revenue: Dividend Income

    total $380,759 · related or exempt $380,759

  • 11e · Other revenue, total

    $960,814

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $917,798 · program services $917,798

  • 11a · Fees: management

    total $2,400 · management and general $2,400

  • 11b · Fees: legal

    total $920 · management and general $920

  • 11c · Fees: accounting

    total $67,963 · management and general $67,963

  • 12 · Advertising and promotion

    total $8,833 · management and general $8,833

  • 13 · Office expenses

    total $20,961 · management and general $20,961

  • 22 · Depreciation, depletion and amortization

    total $15,817 · management and general $15,817

  • 23 · Insurance

    total $14,896 · management and general $14,896

  • 24a · Other expenses: Employee Training

    total $7,424 · management and general $7,424

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,919,966 · end of year $3,134,253

  • 4 · Accounts receivable

    beginning of year $19,938 · end of year $80

  • 7 · Other notes and loans receivable

    beginning of year $7,314,937 · end of year $6,640,961

  • 10a · Land, buildings and equipment: cost or other basis

    $55,382

  • 10b · Land, buildings and equipment: accumulated depreciation

    $38,716

  • 10c · Land, buildings and equipment, net

    beginning of year $32,483 · end of year $16,666

  • 13 · Investments: program-related

    beginning of year $1,331,455 · end of year $1,481,231

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,901 · end of year $39,662

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $4,074,005 · end of year $4,079,477

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,515,873 · end of year $7,154,052

Mission and programs · 2024

Mission

1. to promote, coordinate, and expand economic opportunity and wealth building through a network of community-based enterprises 2. to promote community stabilization and revitalization of the disinvested neighborhoods of Cleveland 3. to promote public understanding of cooperative

  • Support of Evergreen Business Services, Inc. for operations including worker, board and management education and management assistance.

    Expenses $517,109

  • 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. The workers are eligible to become members of the cooperative association after 12 months employment and share in the profits of the company.

    Expenses $400,689

  • THE FUND FOR EMPLOYEE OWNERSHIP During 2019, The Kendeda Fund granted ECC $8 million over 4 years to capitalize the Fund for Employee Ownership. Restricted use of $6.5 million waas for ECC to acquire and convert existing small businesses to employee owned businesses. These restricted funds have been invested through Evergreen Cooperative Development Fund (ECDF), which is the fund for employee ownership.

  • Employee training

As filed on the 2024 return.

Listed in Part VII

  • Andrea Kanter Grodin

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Julie Rehm

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ann Conn

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kirk Neiswander

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Angela Wilcoxson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Nicole Rosenbaum

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Stephen Downey

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Percival Kane

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • John McMicken

    Chief Executive Officer

    Total calculated
    $0
    Hours/week
    16

  • Janet Hayward

    Officer

    Total calculated
    $0
    Hours/week
    1

  • Jeanette Webster

    Officer

    Total calculated
    $0
    Hours/week
    3

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.

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.

  • NA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • EVERGREEN BUSINESS SERVICES

    C Corp · MANAGEMENT · OH · 100% owned · controlled entity

    Directly controlled by EVERGREEN COOPERATIVE CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202503009349302160

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