2023-11-09T08:17:03-05:00 2022-12-31 203740641 Bertemes Johnson & Company 2648 Medina Rd Medina OH 44256 990 2022-01-01 452743815 EVERGREEN COOPERATIVE CORPORATION EVER 540 EAST 105TH STREET Cleveland OH 44108 John McMicken Chief Executive 2162981182 2023-10-31 true John McMicken Will Bertemes P00177047 3306352318 2023-11-09 0 00 AAL2 IAL1 2022 2023-04-26 12:10:37Z John McMicken 4205 St Clair Ave Cleveland OH 441021121 3200828 false X WWW.EVERGREENCOOPERATIVES.COM X 2011 OH 1. TO PROMOTE, COORDINATE AND EXPAND ECONOMIC OPPORTUNITY AND WEALTH BUILDING THROUGH A NETWORK OF GREEN, COMMUNITY-BASED ENTERPRISES. 2. TO PROMOTE COMMUNITY STABILIZATION AND REVITALIZATION OF THE DISINVESTED NEIGHBORHOODS OF GREATER UNIVERSITY CIRCLE AND SIMILAR AREAS OF 11 11 0 0 0 250 250 1489978 1432405 0 244643 1768173 1734871 3200828 960402 1046274 0 0 0 0 123472 100007 1083874 1146281 650997 2054547 9964213 10581734 6684516 5247490 3279697 5334244 1. TO PROMOTE, COORDINATE AND EXPAND ECONOMIC OPPORTUNITY AND WEALTH BUILDING THROUGH A NETWORK OF GREEN, COMMUNITY-BASED ENTERPRISES. 2. TO PROMOTE COMMUNITY STABILIZATION AND REVITALIZATION OF THE DISINVESTED NEIGHBORHOODS OF GREATER UNIVERSITY CIRCLE AND SIMILAR AREAS OF false false 962248 Support of Evergreen Business Services, Inc. for operations including worker, board and management education and management assistance. 53100 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 and those retained immediately received a $1/hour pay increase. The workers are eligible to become members of the cooperative association after 6-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. 27207 Employee training 3719 Feasibility study for Internet Service Provider (ISP) cooperative BIG for TFEO for acquisitions JP Morgan Chase Foundation NWF Start-Up expenses THE FUND FOR EMPLOYEE OWNERSHIPDuring 2017, much time and effort was spent in responding to a RFP from the Federal Home Loan Bank of San Francisco and the New World Foundation to receive a forgivable Program Related Investment (PRI) from their Quality Jobs Fund. The purpose of the award is to convert existing small business located in low-to-moderate income areas whose owner(s) want to retire to worker-owned businesses. In October 2017, we were one of three organizations awarded $5 million payable in five (5) tranches in the first round. The PRI documents were not finalized until April 2018. One million dollars of the award will be converted to a grant for every 100 created/retained jobs converted to worker-ownership. During 2019, The Kendeda Fund granted ECC $8 million over 4 years to further capitalize The Fund for Employee Ownership. Restricted use of $6,500,000 is for ECC to acquire and convert existing small businesses to employee owned business. Th Support of Green City Growers Cooperative for start-up operations including worker, board and management education and management assistance. Support of Evergreen Real Estate Corporation for new market tax credits. Evergreen Housing includes assistance with site inspections of the houses, providing the documentation worker-owners of their association need to apply, coordinating the housing and financial training needed to be completed prior to purchasing a house. The program is a joint program between Cleveland Housing Network & Evergreen Cooperative Corporation whereby Members can purchase a home primarily located in Greater University Circle, 0% interest, tax abatement, and the homes usually paid off within 5 years via payroll deductoin. At 12/31/17, 19 worker-owners purchased homes; eleven (11) were community re-entry, i.e. formerly in the penal system. Without this program, none of them would have had the opportunity to purchase a home. 3719 1046274 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 true false true true true true false false false false false OH X John McMicken 2162981182 4205 St Clair Ave Cleveland OH 441021121 X Heidi L Gartland Board Member 1.00 0.00 X 0 0 0 Kirk Neiswander Board Member 1.00 0.00 X 0 0 0 Andrea Kantor Vice Chair 1.00 0.00 X 0 0 0 Shawn Osborne Board Member 1.00 0.00 X 0 0 0 Ronald B Richard Board Chair 5.00 0.00 X 0 0 0 Angela Wilcoxson Board Member 1.00 0.00 X 0 0 0 Ann Conn Board Member 1.00 0.00 X 0 0 0 Simrit D Sandhu Board Member 1.00 0.00 X 0 0 0 Julie Rehm Board Member 1.00 0.00 X 0 0 0 Paul Dolan Board Member 1.00 0.00 X 0 0 0 Arlishea L Fulton Board Member 1.00 0.00 X 0 0 0 John McMicken Chief Executive Officer 16.00 0.00 X X 0 0 0 Rosalyn Ciulla Secretary 35.00 0.00 X 0 0 0 0 0 0 0 false false false 250 250 Program Service Revenue 900099 1432405 1432405 1432405 Interest Income 522299 357991 357991 Dividend Income 522299 4425 4425 Recovery of Bad Debt 900099 1265574 1265574 140183 140183 1768173 3200828 3200578 0 0 1046274 1046274 21557 21557 1332 1332 9705 9705 46188 46188 10799 10799 571 571 4688 4688 5167 5167 1146281 1046274 100007 0 1864654 2894295 1527620 1201241 5048185 4690359 55382 19468 40602 35914 1483152 1759925 9964213 10581734 15717 64631 6613716 5182859 55083 6684516 5247490 X 2628700 3601613 650997 1732631 3279697 5334244 9964213 10581734 2054547 0 X false true X false false X 978060 2254683 1459883 1480228 1115786 7288640 978060 2254683 1459883 1480228 1115786 7288640 7288640 978060 2254683 1459883 1480228 1115786 7288640 1.00000 1.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5750 1744 4006 49632 17724 31908 35914 Investment in EREC 415000 C ECL Series A Preferred Stock 261150 C Intx Cooperative Preferred Stock 500000 C Ohio PC SeriesA Preferred Stock 372641 C BI Series B Preferred Stock 200000 C Due from ECL 4425 C Other 6709 1759925 true Evergreen Business Services 540 East 105th Street Cleveland OH 44108 272239352 Evergreen Energy Solutions 540 East 105th Street Cleveland OH 44108 800303998 Green City Growers Cooperative 540 East 105th Street Cleveland OH 44108 344715816 Form 990 governing body review Part VI line 11 NO REVIEWS WILL BE CONDUCTED. Officer director etc mailing address Part VI line 9 Julie M Rehm 11900 Euclid Ave, Cleveland 44106Ralph D. Turner 9500 Euclid Avenue Cleveland, OH 44195Arlishea L Fulton 10900 Euclid Avenue Cleveland, OH 44106Paul Dolan 2401 Ontario St. Cleveland, OH 44115Ann Conn 14900 Private Dr. East Cleveland, OH 44112Andrea Kantor 9500 Euclid Ave, Cleveland 44195Kirk Neiswander 6801 Brecksville Rd., Suite 160 Independence, OH 44131-5065Heidi L. Gartland 11100 Euclid Avenue Cleveland, OH 44106Angela Wilcoxson 127 Public Square Cleveland, OH 44114Ronald B Richard 1422 Euclid Ave., Suite 1300 Cleveland, OH 44115 Shawn M Osborne 11100 Euclid Avenue Cleveland, OH 44106 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. 540 East 105th Street Cleveland, OH 44108. 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).It further stated that while ECDF (and not ECC) would be providing the loans, but that ECC would actively be involved in ECDFs loan activity and would have representatives on the loan advisory board. (Continued)The original intent of ECCs Board was to have CCAF manage the fund with ECC being actively involved in order for it to build its capacity as a nonprofit organization that could successfully manage a community development loan fund. Subsequently, ECC has built that capacity and the Governance Committee of ECCs Board of Directors recommended that CCAF assign its sole membership interest to ECC and that ECC retain a Fund Administrator to manage the fund as directed by ECDFs Board of Directors. CCAF agreed to do so as it recognized that there were policies, procedures and systems in place to effectively and independently manage ECDF as provided below. (Continued)I. 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 purpose of ECDF will remain as originally submitted: The purpose of ECDF is to provide low-interest, predevelopment and long-term financing to Evergreen Cooperative Businesses within its target market through a dedicated community development revolving loan fund. The goal is to improve the neighborhoods of Clevelands Greater University Circle and other City of Cleveland low-income areas by investing in the start-up of businesses closely linked to the procurement needs of area anchor institutions (in particular, hospitals and universities), while at the same time creating living wage jobs and promoting economic opportunities for residents living within its targeted low-income neighborhoods. (Continued)ECDF serves a unique role in community economic development in that it is principally a debt fund that provides formation capital for starting a group or network of self-sustaining cooperative businesses. ECDF provides flexible capital at and before start-up to Evergreen Cooperative Businesses that traditional lending and private equity would not support. The goal is to have these loans repaid to ECDF by the Evergreen Cooperative Businesses; the repaid funds will then be used to finance additional start-ups, fostering the creation of a sustainable community development loan fund. (Continued)Governance of ECDF - ECDF will be governed by the Board of Directors who will appoint the Fund Administrator. The Fund Administrator of ECDF remains the same as originally submitted, Rosalyn Ciulla (the Manager) who is responsible for the day-to-day operations of the ECDF. The Board of Directors currently consist of five (5 members); one (1) member is independent of ECCs Board. All have the background and experience to review and approve investments. Ms. Ciulla underwrites and recommends the loans for approval to the Board of Directors who also serve as ECDFs loan committee.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 (Continued)and reviewed by members of ECCs Board who found them to be detailed and comprehensive. General explanation attachment FORM 990 PART III, LINE 1 (CONTINUED)2. OF CLEVELAND, OHIO.3. TO PROMOTE PUBLIC UNDERSTANDING OF COOPERATIVE PRINCIPLES AND HOW COOPERATIVES AND OTHER COMMUNITY WEALTH BUILDING MODELS FUNCTION. Evergreen Cooperative Development F 540 EAST 105TH STREET Cleveland OH 44108 270326577 Lender OH EVERGREEN COOPERATIVE CORPORATION EVERGREEN REAL ESTATE CORP 540 EAST 105TH STREET Cleveland OH 44108 364713688 LEASING OH N/A C Corp 1.00000 EVERGREEN BUSINESS SERVICES 540 EAST 105TH STREET Cleveland OH 44108 272239352 MANAGEMENT OH N/A C Corp 1.00000