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Nonprofiteer
← EVERGREEN COOPERATIVE CORPORATION

Form 990 for tax year 2023

Filed by EVERGREEN COOPERATIVE CORPORATION.

Totals

Total revenue
$5,899,338
Total expenses
$643,704
Contributions and grants received
$500
Grants paid
$549,917
Program service revenue
$5,301,124
Investment income
$0
Other revenue
$597,714
Total assets, end of year
$10,618,779
Total liabilities, end of year
$28,901
Net assets or fund balances, end of year
$10,589,878
Program services expenses (Part IX)
$549,917
Management and general expenses
$93,787
Fundraising expenses
$0
Program service expenses (Part III)
$549,917

Program services were 85.4% 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

    $500

  • 2a · Program service revenue: Program Service Revenue

    total $5,301,124 · related or exempt $5,301,124

  • 11a · Other revenue: Interest Income

    total $460,750 · related or exempt $460,750

  • 11b · Other revenue: Dividend Income

    total $51,964 · related or exempt $51,964

  • 11c · Other revenue: Recovery of Bad Debt

    total $85,000 · related or exempt $85,000

  • 11e · Other revenue, total

    $597,714

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $549,917 · program services $549,917

  • 11a · Fees: management

    total $1,291 · management and general $1,291

  • 11b · Fees: legal

    total $17,261 · management and general $17,261

  • 11c · Fees: accounting

    total $17,635 · management and general $17,635

  • 12 · Advertising and promotion

    total $28,235 · management and general $28,235

  • 13 · Office expenses

    total $9,828 · management and general $9,828

  • 22 · Depreciation, depletion and amortization

    total $3,431 · management and general $3,431

  • 23 · Insurance

    total $8,606 · management and general $8,606

  • 24a · Other expenses: Employee Training

    total $7,500 · management and general $7,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,894,295 · end of year $1,919,966

  • 4 · Accounts receivable

    beginning of year $1,201,241 · end of year $19,938

  • 7 · Other notes and loans receivable

    beginning of year $4,690,359 · end of year $7,314,937

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

    $55,382

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

    $22,899

  • 10c · Land, buildings and equipment, net

    beginning of year $35,914 · end of year $32,483

  • 13 · Investments: program-related

    beginning of year $1,759,925 · end of year $1,331,455

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,631 · end of year $28,901

  • 19 · Deferred revenue

    beginning of year $5,182,859

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

    beginning of year $3,601,613 · end of year $4,074,005

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,732,631 · end of year $6,515,873

Mission and programs · 2023

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 $466,449

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $60,000

  • THE FUND FOR EMPLOYEE OWNERSHIPDuring 2019, The Kendeda Fund granted ECC $8 million over 4 years to capitalize the Fund for Employee Ownership. Restricted use of $6.5 million is for ECC to acquire and convert existing small businesses to employee owned businesses

    Expenses $22,137 · Revenue $4,413,414

  • Employee training

    Expenses $1,331

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Angela Wilcoxson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kirk Neiswander

    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

  • John Utech

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Andrea Kantor

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Julie Rehm

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rosalyn Ciulla

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Ann Conn

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Arlishea L Fulton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jeanette Webster

    Officer

    Total calculated
    $0
    Hours/week
    3

  • Janet Hayward

    Officer

    Total calculated
    $0
    Hours/week
    1

  • John McMicken

    Chief Executive Officer

    Total calculated
    $0
    Hours/week
    16

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.

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.

  • Evergreen Cooperative Development F

    Lender · OH

    Directly controlled by EVERGREEN COOPERATIVE CORPORATION

Related corporations and trusts

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

  • EVERGREEN BUSINESS SERVICES

    C Corp · MANAGEMENT · OH · 100% owned

Provenance

Return type
form_990
Tax year
2023
Filed
27 October 2024
IRS schema version
2023v5.1
Source object
202423199349300947

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