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← EVERGREEN BUSINESS CAPITAL COMMUNITY FINANCE

Form 990 for tax year 2022

Filed by EVERGREEN BUSINESS CAPITAL COMMUNITY FINANCE.

Totals

Total revenue
$642,186
Total expenses
$215,458
Contributions and grants received
$225,623
Grants paid
$0
Program service revenue
$416,563
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,034,034
Total liabilities, end of year
$1,069,553
Net assets or fund balances, end of year
$964,481
Program services expenses (Part IX)
$47,300
Management and general expenses
$140,000
Fundraising expenses
$28,158
Program service expenses (Part III)
$47,300

Program services were 22.0% 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

  • 1f · All other contributions, gifts and grants

    $125,623

  • 2a · Program service revenue: LOAN INTEREST

    total $272,721 · related or exempt $272,721

  • 2b · Program service revenue: LOAN SERVICES FEES

    total $143,842 · related or exempt $143,842

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $168,158 · management and general $140,000 · fundraising $28,158

  • 12 · Advertising and promotion

    total $3,624 · program services $3,624

  • 13 · Office expenses

    total $2,940 · program services $2,940

  • 20 · Interest

    total $36,903 · program services $36,903

  • 24a · Other expenses: MISCELLANEOUS

    total $3,793 · program services $3,793

  • 24b · Other expenses: BUSINESS TAX

    total $40 · program services $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $367,619 · end of year $1,364,790

  • 7 · Other notes and loans receivable

    beginning of year $1,311,923 · end of year $669,244

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,161 · end of year $74,805

  • 23 · Secured mortgages and notes payable

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

  • 25 · Other liabilities

    beginning of year $1,002,571 · end of year $894,748

  • 27 · Net assets without donor restrictions

    beginning of year $537,810 · end of year $964,481

Mission and programs · 2022

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 2022, THE ORGANIZATION FUNDED 55 FLEX FUND LOANS TOTALING $5,338,000 IN WASHINGTON STATE.

    Expenses $47,300 · Revenue $416,563

As filed on the 2022 return.

Listed in Part VII

  • Patricia Kibbe

    PRESIDENT/CEO

    Total calculated
    $216,375
    From this org
    $0
    From related orgs
    $188,438
    Other
    $27,937
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,438 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,317 related
    Nontaxable benefits
    $0 + $11,620 related
    Filer's total
    $0 + $216,375 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
    $6,900
    From this org
    $0
    From related orgs
    $6,900
    Other
    $0
    Hours/week
    0 + 2 related

  • Virginia Calvin

    MEMBER

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

  • Beto Yarce

    MEMBER

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

  • Annie Lant-Smith

    EVP/COO

    Total calculated
    $216,783
    From this org
    $0
    From related orgs
    $175,175
    Other
    $41,608
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,175 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,778 related
    Nontaxable benefits
    $0 + $16,830 related
    Filer's total
    $0 + $216,783 related

  • Gregg Swanson

    SVP/CCO

    Total calculated
    $160,760
    From this org
    $0
    From related orgs
    $131,875
    Other
    $28,885
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $131,875 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,021 related
    Nontaxable benefits
    $0 + $16,864 related
    Filer's total
    $0 + $160,760 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.

Provenance

Return type
form_990
Tax year
2022
Filed
18 March 2024
IRS schema version
2022v5.0
Source object
202420789349300332

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