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← EVERGREEN BUSINESS CAPITAL COMMUNITY FINANCE

Form 990 for tax year 2023

Filed by EVERGREEN BUSINESS CAPITAL COMMUNITY FINANCE.

Totals

Total revenue
$833,672
Total expenses
$255,010
Contributions and grants received
$450,600
Grants paid
$0
Program service revenue
$350,460
Investment income
$32,612
Other revenue
$0
Total assets, end of year
$5,895,232
Total liabilities, end of year
$4,365,494
Net assets or fund balances, end of year
$1,529,738
Program services expenses (Part IX)
$44,375
Management and general expenses
$182,477
Fundraising expenses
$28,158
Program service expenses (Part III)
$44,375

Program services were 17.4% 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.

  • 1f · All other contributions, gifts and grants

    $450,600

  • 2a · Program service revenue: LOAN SERVICES FEES

    total $326,523 · related or exempt $326,523

  • 2b · Program service revenue: LOAN INTEREST

    total $23,937 · related or exempt $23,937

  • 3 · Investment income

    total $32,612 · excluded $32,612

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $210,637 · program services $2 · management and general $182,477 · fundraising $28,158

  • 12 · Advertising and promotion

    total $386 · program services $386

  • 13 · Office expenses

    total $628 · program services $628

  • 19 · Conferences, conventions and meetings

    total $6,250 · program services $6,250

  • 20 · Interest

    total $36,429 · program services $36,429

  • 24a · Other expenses: BUSINESS TAX

    total $680 · program services $680

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,364,790 · end of year $2,152,486

  • 2 · Savings and temporary cash investments

    end of year $3,279,321

  • 7 · Other notes and loans receivable

    beginning of year $669,244 · end of year $463,425

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,805 · end of year $3,864

  • 19 · Deferred revenue

    end of year $63,894

  • 23 · Secured mortgages and notes payable

    beginning of year $100,000 · end of year $3,279,320

  • 24 · Unsecured notes and loans payable

    end of year $100,000

  • 25 · Other liabilities

    beginning of year $894,748 · end of year $918,416

  • 27 · Net assets without donor restrictions

    beginning of year $864,481 · end of year $1,429,738

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2023

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 2023, THE ORGANIZATION FUNDED 2 FLEX FUND 2.0 LOANS TOTALING $70,000 IN WASHINGTON STATE.

    Expenses $44,375 · Revenue $350,460

As filed on the 2023 return.

Listed in Part VII

  • Patricia Kibbe

    PRESIDENT/CEO

    Total calculated
    $284,155
    From this org
    $0
    From related orgs
    $243,937
    Other
    $40,218
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,937 related
    Bonus
    $0 + $48,000 related
    Other
    $0
    Deferred
    $0 + $18,001 related
    Nontaxable benefits
    $0 + $22,217 related
    Filer's total
    $0 + $284,155 related

  • Rashad Morris

    CHAIR

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

  • Ken Takahashi

    VICE CHAIR

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

  • Thomas Kuljam

    SECRETARY

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

  • Karen McIver

    TREASURER

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

  • Virginia Calvin

    MEMBER

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

  • Amit Ranade

    MEMBER

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Annie Lant-Smith

    EVP/COO

    Total calculated
    $206,500
    From this org
    $0
    From related orgs
    $163,726
    Other
    $42,774
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,942 related
    Bonus
    $0 + $26,784 related
    Other
    $0
    Deferred
    $0 + $25,377 related
    Nontaxable benefits
    $0 + $17,397 related
    Filer's total
    $0 + $206,500 related

  • Gregg Swanson

    SVP/CCO

    Total calculated
    $154,361
    From this org
    $0
    From related orgs
    $114,481
    Other
    $39,880
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $103,816 related
    Bonus
    $0 + $10,665 related
    Other
    $0
    Deferred
    $0 + $16,598 related
    Nontaxable benefits
    $0 + $23,282 related
    Filer's total
    $0 + $154,361 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

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.

  • EBCF

    501(C)(3) · GRANT MAKING · WA

    Directly controlled by EVERGREEN BUSINESS CAPITAL

  • EBC

    501(C)(4) · LOAN AND BUSINESS CONSULTING · WA

Provenance

Return type
form_990
Tax year
2023
Filed
5 March 2025
IRS schema version
2023v6.0
Source object
202530659349301803

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