2024-11-13T10:58:59-05:00 2023-12-31 203740641 Bertemes Johnson & Company 2648 Medina Rd Medina OH 44256 990 2023-01-01 452743815 EVERGREEN COOPERATIVE CORPORATION EVER 4205 St Clair Avenue Cleveland OH 44103 John McMicken Chief Executive 2162981182 2024-10-27 true true Will Bertemes P00177047 3306352318 2024-11-13 2023 2024-10-15 13:58:12Z John McMicken 4205 St Clair Ave Cleveland OH 441021121 5899338 false X WWW.EVERGREENCOOPERATIVES.COM X 2011 OH 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 11 11 0 0 0 250 500 1432405 5301124 0 1768173 597714 3200828 5899338 1046274 549917 0 0 0 0 100007 93787 1146281 643704 2054547 5255634 10581734 10618779 5247490 28901 5334244 10589878 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 false false 466449 Support of Evergreen Business Services, Inc. for operations including worker, board and management education and management assistance. 60000 Compensation for key management with respect to Evergreen Business Services, Inc., Evergreen Cooperative Development Fund, LLC and other start-up cooperative ventures. Key management is charged with the responsibility to share their knowledge regarding cooperative ownership, capital planning and budgets, strategic planning, the importance and roles of company board of directors and committees, and other important business concepts with the board, staff, and employees of the cooperative companies. Former workers had the opportunity to apply for the jobs. The workers are eligible to become members of the cooperative association after 12 months employment and share in the profits of the company. This also prevented the laundry contract being awarded to an out-of-town provider and leaving the laundry facility located in the low-income area vacant. 22137 4413414 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 1331 Employee training 1331 549917 true true false false false false false false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true true false false false true 0 0 true 0 true false false false false false false false false X 11 11 false false false false false false false true true false false true true true true false false false false false OH X John McMicken 2162981182 4205 St Clair Ave Cleveland OH 441021121 X Angela Wilcoxson Board Member 1.00 0.00 X 0 0 0 Kirk Neiswander Board Member 1.00 0.00 X 0 0 0 Nicole Rosenbaum Board Member 1.00 0.00 X 0 0 0 Stephen Downey Board Member 1.00 0.00 X 0 0 0 John Utech Board Member 1.00 0.00 X 0 0 0 Andrea Kantor Board Member 1.00 0.00 X 0 0 0 Julie Rehm Board Member 1.00 0.00 X 0 0 0 Rosalyn Ciulla Board Member 1.00 0.00 X 0 0 0 Ann Conn Board Member 1.00 0.00 X 0 0 0 Arlishea L Fulton Board Member 1.00 0.00 X 0 0 0 Jeanette Webster Officer 3.00 0.00 X 0 0 0 Janet Hayward Officer 1.00 0.00 X 0 0 0 John McMicken Chief Executive Officer 16.00 0.00 X X 0 0 0 0 0 0 0 false false false 500 500 Program Service Revenue 900099 5301124 5301124 5301124 Interest Income 522299 460750 460750 Dividend Income 522299 51964 51964 Recovery of Bad Debt 900099 85000 85000 597714 5899338 5898838 0 0 549917 549917 1291 1291 17261 17261 17635 17635 28235 28235 9828 9828 3431 3431 8606 8606 Employee Training 7500 7500 643704 549917 93787 0 2894295 1919966 1201241 19938 4690359 7314937 55382 22899 35914 32483 1759925 1331455 10581734 10618779 64631 28901 5182859 5247490 28901 X 3601613 4074005 1732631 6515873 5334244 10589878 10581734 10618779 5255634 0 X false true X false false X 2254683 1459883 1480228 1115786 5301524 11612104 2254683 1459883 1480228 1115786 5301524 11612104 11612104 2254683 1459883 1480228 1115786 5301524 11612104 1.00000 1.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5750 2142 3608 49632 20757 28875 32483 LW Cooperative Preferred Shares 250000 C BI Series B Preferred Stock 200000 C Intx Cooperative Preferred Stock 500000 C Ohio PC SeriesA Preferred Stock 372641 C Other 8814 C 1331455 true Form 990 governing body review Part VI line 11 NO REVIEWS WILL BE CONDUCTED. Conflict of interest policy compliance Part VI line 12c The Conflict of Interest Policy was included in the information packet provided to the board members and each member was asked if they had a conflict. CEO executive director top management comp Part VI line 15a Compensation for John McMicken during the tax period was paid via Evergreen Business Services, Inc. 4205 St Clair Avenue Cleveland, OH 44103. John was named CEO in 2013. In accordance with the management agreement, 40% of Johns compensation will be paid by Evergreen Cooperative Corporation. As indicated in Part III of Form 990, compensation for key management of Evergreen Business Services, Inc. is one of Evergreen Cooperative Corporations program service accomplishments. Governing documents etc available to public Part VI line 19 THE ORGANIZATION MADE AN INITIAL FILING FOR THE TAX YEAR ENDING JUNE 30, 2012. FOR THE INITIAL FILING, AS WELL AS SUBSEQUESNT FILINGS, IT WILL BE THE PRACTICE OF THE ORGANIZATION TO MAKE ALL DOCUMENTS AND POLICIES AVAILABLE UPON REQUEST. Cessation of or significant change to any program service Part III line 3 This Change in Activities was previously submitted in the then fiscal year-end June 30, 2013 tax return. This is an update to that submission. As stated in Attachment L to Form 1023, to further its exempt purpose of expanding economic opportunity and therein revitalizing certain disinvested neighborhoods of Cleveland, Ohio, Evergreen Cooperative Corporation (ECC) will provide funds to organizations through two different processes. First, ECC will provide access to low-cost capital to Evergreen Cooperative Businesses. Second, ECC itself will directly award grants to nonprofit organizations that work to help stabilize and improve low-income neighborhoods in Cleveland, Ohio. (Continued)It was further stated that it would provide loans to Evergreen Cooperative Businesses through Evergreen Cooperative Development Fund (ECDF). While ECDF (and not ECC) would be providing the loans, but that ECC would actively be involved in ECDFs loan activity.Loans to Evergreen Cooperative Businesses - Through use of the Evergreen Cooperative Development Fund, LLC (ECDF) (an Ohio nonprofit limited liability company), ECC (a Section 501(c)(3) public charity) through ECDFs Board of Directors and Fund Administrator will provide low-cost access to capital in the form of loans to the Evergreen Cooperative Businesses. While ECDF (and not ECC) is actually providing the loans, as described below, ECC will be involved in ECDFs loan activity by holding the sole membership (Continued)interest and the appointment of ECDFs Board of Directors.Purpose of ECDF - The Fund for Employee Ownership acquires Cleveland and surrounding area companies and converts them to employee ownership for the benefit of the employees and community.Governance of ECDF - ECDF will be governed by the Board of Directors who appoints the Fund Administrator. The Fund Administrator of ECDF is Jeanette Webster (the Manager) who is responsible for the day-to-day operations of the ECDF. The Board of Directors consists of eleven (11) to fifteen (15) members. All members have the background and experience to review and approve investments. Ms. Webster underwrites and recommends the loans for approval to the Board of Directors who also serve as ECDFs loan committee. (Continued)Loan Legibility and Loan Terms and Conditions - Loan Legibility and Loan Terms and Conditions remain consistent with the original application. Policies and Procedures have been developed and reviewed by members of ECCs Board who found them to be detailed and comprehensive. General explanation attachment FORM 990 PART I, SUMMARY (CONTINUED)3. principles and how cooperatives and other community wealth building models function4. to encourage and enable cities and other areas throughout Ohio and the United States to implement their own local programs based on these principles, models, and strategies5. to build thriving businesses and vibrant local economies by creating quality jobs, through a network of employee-owned enterprises in Northeast Ohio Evergreen Cooperative Development F 4205 St Clair Avenue Cleveland OH 44103 270326577 Lender OH EVERGREEN COOPERATIVE CORPORATION EVERGREEN BUSINESS SERVICES 4205 St Clair Avenue Cleveland OH 44103 272239352 MANAGEMENT OH N/A C Corp 1.00000