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Nonprofiteer
← EVERGREEN FOUNDATION

Form 990 for tax year 2023

Filed by EVERGREEN FOUNDATION.

Totals

Total revenue
$1,925,103
Total expenses
$1,074,431
Contributions and grants received
$139,305
Grants paid
$1,066,312
Program service revenue
$0
Investment income
$608,427
Other revenue
$1,177,371
Total assets, end of year
$13,482,713
Total liabilities, end of year
$258,118
Net assets or fund balances, end of year
$13,224,595
Program services expenses (Part IX)
$1,066,312
Management and general expenses
$8,119
Fundraising expenses
$0
Program service expenses (Part III)
$1,066,312

Program services were 99.2% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $139,305

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $518,015 · related or exempt $518,015 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $43,393 · related or exempt $43,393 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $728,200 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $637,788 · other assets $0

  • 7c · Gain or loss

    securities $90,412 · other assets $0

  • 7d · Net gain or loss

    total $90,412 · related or exempt $90,412 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: Change in Investment Value

    total $1,114,073 · related or exempt $1,114,073 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $19,905 · related or exempt $19,905 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,133,978

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,066,312 · program services $1,066,312

  • 13 · Office expenses

    total $1,251 · program services $0 · management and general $1,251 · fundraising $0

  • 16 · Occupancy

    total $6,868 · program services $0 · management and general $6,868 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $130,692 · end of year $105,271

  • 11 · Investments: publicly traded securities

    beginning of year $12,399,662 · end of year $13,377,442

  • 17 · Accounts payable and accrued expenses

    beginning of year $156,431 · end of year $258,118

  • 27 · Net assets without donor restrictions

    beginning of year $12,373,923 · end of year $13,224,595

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Evergreen Foundation is a supporting organization for Evergreen Presbyterian Ministries, Inc. dba Evergreen Life Services.

  • Evergreen Foundation is a supporting organization for Evergreen Presbyterian Ministries, Inc. dba Evergreen Life Services.

    Expenses $1,066,312 · Revenue $1,785,798

As filed on the 2023 return.

Listed in Part VII

  • Dr Susan M Buchholtz

    President/CEO

    Total calculated
    $368,983
    From this org
    $0
    From related orgs
    $347,565
    Other
    $21,418
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $322,565 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $6,490 related
    Nontaxable benefits
    $0 + $14,928 related
    Filer's total
    $0 + $368,983 related

  • Kent Craft

    Executive VP of Admin/CFO

    Total calculated
    $275,256
    From this org
    $0
    From related orgs
    $240,003
    Other
    $35,253
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,003 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $4,987 related
    Nontaxable benefits
    $0 + $30,266 related
    Filer's total
    $0 + $275,256 related

  • Yvone Smith

    Chief of Staff

    Total calculated
    $167,315
    From this org
    $0
    From related orgs
    $151,737
    Other
    $15,578
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,737 related
    Bonus
    $0 + $5,000 related
    Other
    $0
    Deferred
    $0 + $3,013 related
    Nontaxable benefits
    $0 + $12,565 related
    Filer's total
    $0 + $167,315 related

  • R Lewis Smith

    Chairman

    Total calculated
    $0
    Hours/week
    0 + 3 related

  • Frank Davis

    ELS Chairman

    Total calculated
    $0
    Hours/week
    0 + 3 related

  • Rev John Boudreaux

    Trustee

    Total calculated
    $0
    Hours/week
    0 + 3 related

  • Danny Gray

    Trustee

    Total calculated
    $0
    Hours/week
    0 + 3 related

  • Rev Robert Malsbary

    Trustee

    Total calculated
    $0
    Hours/week
    0 + 3 related

  • Wengay Newton

    Trustee

    Total calculated
    $0
    Hours/week
    0 + 3 related

  • Joseph Henrick

    Trustee

    Total calculated
    $0
    Hours/week
    0 + 3 related

  • Dr Elizabeth Weiss

    Trustee

    Total calculated
    $0
    Hours/week
    0 + 3 related

  • James Williams

    Trustee

    Total calculated
    $0
    Hours/week
    0 + 3 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)

Schedule J, Part I, Line 3
The Board Chair along with the Board Chairs' Team (composed of lead members of the Board Operations Committee) conducts an evaluation every two years prior to the end of the three year CEO contract. Recommendation for a new contract for the next three years is then brought to the Board Operations Committee for discussion and approval. The proposed new CEO contract which includes a three year fixed compensation package is presented to the full Board of Directors for approval. The three year CEO contract is approved by vote of the full Board of Directors.

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
2023
Filed
20 December 2024
IRS schema version
2023v6.0
Source object
202530239349301413

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