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EVERGREEN CLIMATE INNOVATIONS

EIN 27-2378677 CHICAGO, IL

Revenue 2024
$3,672,788
Expenses 2024
$3,168,634

Program services were 78.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
C35
Classification
2000
Street
400 N ABERDEEN ST 9TH FLOOR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

EVERGREEN ADVANCES CLIMATE TECH IN THE GREATER MIDWEST.WE SUPPORT STARTUPS BRINGING IMPACTFUL CLIMATE TECHNOLOGIES TO MARKET. WE MAKE SEED INVESTMENTS AND PROVIDE HANDS-ON SUPPORT TO ENTREPRENEURS. WE EXPAND ACCESS TO INNOVATION BY CULTIVATING AN ECOSYSTEM OF INVESTORS, CORPORATE PARTNERS, DONORS, AND COLLABORATORS.

Activities or mission (Part I)

WE DEPLOY PATIENT CAPITAL FOR A WORLD THAT CAN'T AFFORD TO WAIT. WE CULTIVATE EARLY POTENTIAL: INVESTING WHERE OTHERS SEE RISK, WE TURN POSSIBILITY INTO REALITY. WE CONNECT THE CLIMATE ECOSYSTEM: BRINGING TOGETHER INNOVATORS, INVESTORS, AND INSTITUTIONS, WE HARNESS THE MIDWEST'S POTENTIAL. WE CATALYZE OUTSIZED IMPACT: INVESTING WITH AGILITY AND EFFICIENCY, WE UNCOVER THE CLIMATE SOLUTIONS THAT WILL CHANGE THE WORLD.

  • THE 501VC INVESTMENT PROGRAM IS THE MECHANISM THROUGH WHICH EVERGREEN PROVIDES CATALYTIC CAPITAL AND SUPPORT TO EARLY-STAGE ENTREPRENEURS. THERE ARE THREE COMPONENTS TO THE INVESTMENT PROGRAM: FIND, FUND, AND GROW. "FIND" REPRESENTS THE EFFORT EVERGREEN UNDERTAKES TO IDENTIFY AND RECRUIT HIGH-POTENTIAL ENTREPRENEURS INTO ITS PROGRAMMING. "FUND" REFERS TO THE INVESTMENTS EVERGREEN MAKES IN THE PROMISING STARTUPS FOUNDED BY THESE ENTREPRENEURS. "GROW" DESCRIBES THE ONGOING ENGAGEMENT AND PROGRAMMING EVERGREEN PROVIDES STARTUPS AND ENTREPRENEURS THAT ARE PART OF ITS PORTFOLIO. THIS SUPPORT ENCOMPASSES EDUCATIONAL CONTENT, MENTORING, BUSINESS DEVELOPMENT ASSISTANCE, AND FUNDRAISING SUPPORT.

    Expenses $1,616,167 · Grants $115,000 · Revenue $232,997

  • WITH SUPPORT FROM FOUNDATION GRANTS, EVERGREEN LEADS A CLEAN ENERGY EMPLOYMENT TRENDS STUDY ENCOMPASSING A REGION COVERING 12 MIDWEST STATES. THE DATA IS USED TO ILLUSTRATE THE GROWTH AND CONTRIBUTION OF THIS SECTOR TO ECONOMIC DEVELOPMENT AND IS A VALUABLE RESOURCE TO POLICYMAKERS AND LEGISLATORS. THE CLEAN JOBS MIDWEST REPORT IS A COMPONENT OF A LARGER NATIONAL STUDY CONDUCTED BY A CONSORTIUM OF PARTNERS, ENCOMPASSING ALL 50-STATES AND THE DISTRICT OF COLUMBIA.

    Expenses $558,934

  • EVERGREEN RECEIVED A GRANT FROM THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION TO LAUNCH ENTREPRENEURIAL SUPPORT PROGRAMS. CORE IS THE STRUCTURED FUNDRAISING PROGRAM DESIGNED TO CATALYZE ADDITIONAL INVESTMENT FROM INSTITUTIONAL INVESTORS IN A SECTOR AND REGION WHERE RAISING CAPITAL IS EXTREMELY CHALLENGING. WORKING WITH INDIVIDUAL STARTUPS, EVERGREEN HELPS THESE COMPANIES SUCCESSFULLY EXECUTE FUNDRAISING BY ASSESSING INVESTMENT READINESS, HELPING PREPARE FINANCIAL MODELS AND PRESENTATION MATERIALS, SUPPORTING OUTREACH TO FUNDERS, SUPPORTING DUE DILIGENCE REQUESTS FROM POTENTIAL INVESTORS, AND ADVISING ON DEAL TERM NEGOTIATION. THESE ARE TIME CONSUMING ACTIVITIES AND EVERGREEN'S ENGAGEMENT NOT ONLY ENSURES GREATER SUCCESS BUT ALSO FREES TIME FOR THE ENTREPRENEURS TO FOCUS ON THEIR CORE BUSINESSES.

    Expenses $212,285

  • EVERGREEN RECEIVED A GRANT FROM THE US DEPARTMENT OF ENERGY, ENERGY PROGRAM FOR INNOVATION CLUSTERS(EPIC). THIS PROGRAM HELPS GROW THE MIDWEST ENERGY INNOVATION ECOSYSTEM AND ADVANCED MANUFACTURING ECOSYSTEM. THE INITIATIVES ENABLES BOTH THE DELIVERY OF ACCESSIBLE EDUCATION AND TRAINING RESOURCES, AS WELL AS A COMPREHENSIVE ACCELERATOR PROGRAM FOR ENERGY HARDWARE STARTUPS IN THE MIDWEST AND BEYOND.

    Expenses $96,309

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • AMY FRANCETIC

    BOARD CHAIRWOMAN / FORMER CEO

    Total calculated
    $0
    Hours/week
    1

  • KAREN KERR

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • TIM STOJKA

    DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SANJEEV KRISHNAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • COLLEEN CALHOUN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • THOMAS O'NEILL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MAGGIE PAKULA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY YINGLING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DR CHERYL MARTIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREW SCHWERTFEGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RACHEL STAR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KISHORE RAO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NOELLE LAING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE CARR

    CEO

    Total calculated
    $384,481
    From this org
    $357,500
    From related orgs
    $0
    Other
    $26,981
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,000
    Bonus
    $82,500
    Other
    $0
    Deferred
    $5,250
    Nontaxable benefits
    $21,731
    Filer's total
    $384,481

  • PAUL SEIDLER

    MANAGING PARTNER

    Total calculated
    $314,027
    From this org
    $285,990
    From related orgs
    $0
    Other
    $28,037
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,799
    Bonus
    $45,191
    Other
    $0
    Deferred
    $6,306
    Nontaxable benefits
    $21,731
    Filer's total
    $314,027

  • IAN ADAMS

    MANAGING PARTNER

    Total calculated
    $284,003
    From this org
    $256,434
    From related orgs
    $0
    Other
    $27,569
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,960
    Bonus
    $33,474
    Other
    $0
    Deferred
    $5,838
    Nontaxable benefits
    $21,731
    Filer's total
    $284,003

  • SHASHANK CHURUKANTI

    SENIOR ANALYST

    Total calculated
    $216,726
    From this org
    $190,128
    From related orgs
    $0
    Other
    $26,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,225
    Bonus
    $27,903
    Other
    $0
    Deferred
    $4,867
    Nontaxable benefits
    $21,731
    Filer's total
    $216,726

  • MARC ALTMAN

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $206,353
    From this org
    $179,843
    From related orgs
    $0
    Other
    $26,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,294
    Bonus
    $20,549
    Other
    $0
    Deferred
    $4,779
    Nontaxable benefits
    $21,731
    Filer's total
    $206,353

  • ESTELLE M RICHARDS

    DIRECTOR OF OPERATIONS

    Total calculated
    $166,124
    From this org
    $150,874
    From related orgs
    $0
    Other
    $15,250
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,339
    Bonus
    $10,535
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,250
    Filer's total
    $166,124

  • DYLAN J O'REILLY

    SENIOR PROGRAM MANAGER

    Total calculated
    $130,458
    From this org
    $119,576
    From related orgs
    $0
    Other
    $10,882
    Hours/week
    40

  • RACHEL L SEBALD

    DIRECTOR OF MARKETING & COMMUNICATIONS

    Total calculated
    $114,064
    From this org
    $106,439
    From related orgs
    $0
    Other
    $7,625
    Hours/week
    40

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $3,672,788
    Expenses
    $3,168,634
    Contributions
    $3,500,104
    Grants paid
    $115,000
  • 2023
    Revenue
    $1,937,956
    Expenses
    $3,098,560
    Contributions
    $1,571,559
    Grants paid
    $50,000
  • 2022
    Revenue
    $4,404,859
    Expenses
    $2,788,904
    Contributions
    $4,080,705
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $4,384,622
    Expenses
    $2,109,911
    Assets (EOY)
    $8,886,958

  • 2020 · 990

    Revenue
    $1,382,266
    Expenses
    $1,657,939
    Assets (EOY)
    $5,517,927

  • 2019 · 990

    Revenue
    $2,479,951
    Expenses
    $1,927,443
    Assets (EOY)
    $5,819,005

  • 2018 · 990

    Revenue
    $2,662,371
    Expenses
    $2,162,101
    Assets (EOY)
    $5,228,207

  • 2017 · 990

    Revenue
    $2,353,061
    Expenses
    $1,843,524
    Assets (EOY)
    $5,096,244

  • 2016 · 990

    Revenue
    $3,085,652
    Expenses
    $2,311,589
    Assets (EOY)
    $4,978,263

  • 2015 · 990

    Revenue
    $3,154,067
    Expenses
    $2,647,616
    Assets (EOY)
    $4,416,237

  • 2014 · 990

    Revenue
    $4,679,196
    Expenses
    $2,196,052
    Assets (EOY)
    $3,787,858

  • 2013 · 990

    Revenue
    $2,400,779
    Expenses
    $2,130,100
    Assets (EOY)
    $1,267,990

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $1,534,653
    Assets (EOY)
    $918,903

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.