EVERGREEN CLIMATE INNOVATIONS

EIN: 272378677 501(c)(3) Environment

CHICAGO, IL

Total Revenue
$3,672,788
Total Expenses
$3,168,634
Total Assets
$19,236,717
Net Assets
$15,696,591
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
IL
Principal Officer
MICHELLE CARR
Phone
7737423418
Tax Period
2024-01-01 to 2024-12-31

EVERGREEN CLIMATE INNOVATIONS, founded in 2010, is a community nonprofit in the Environment sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 14% surplus.

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.

Program Service Accomplishments

Program 1
Expenses: $1,616,167 Revenue: $232,997

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...

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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.

Program 2
Expenses: $558,934

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...

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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.

Program 3
Expenses: $212,285

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,500,104
Program Service Revenue $232,997
Investment Income $-60,313
Other Revenue $0
TOTAL REVENUE $3,672,788

Expense Breakdown

Grants Paid $115,000
Salaries & Benefits $2,053,441
Fundraising Expenses $459,919
Program Expenses $2,483,695
Other Expenses $1,000,193
TOTAL EXPENSES $3,168,634

Year-over-Year Comparison

2024 2023 Change
Revenue $3,672,788 $1,937,956 +0.9%
Expenses $3,168,634 $3,098,560 +0.0%
Net Income $504,154 $-1,160,604 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
11
Volunteers
35

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$384,481
Total Directors
13
$0
Key Employees
2
$598,030
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY FRANCETIC BOARD CHAIRWOMAN / FORMER CEO 1.00
Officer Director
$0 $0 $0
KAREN KERR TREASURER 1.00
Officer Director
$0 $0 $0
TIM STOJKA DEVELOPMENT CHAIR 1.00
Officer Director
$0 $0 $0
SANJEEV KRISHNAN BOARD MEMBER 1.00
Director
$0 $0 $0
COLLEEN CALHOUN BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS O'NEILL BOARD MEMBER 1.00
Director
$0 $0 $0
MAGGIE PAKULA BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY YINGLING BOARD MEMBER 1.00
Director
$0 $0 $0
DR CHERYL MARTIN BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW SCHWERTFEGER BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL STAR BOARD MEMBER 1.00
Director
$0 $0 $0
KISHORE RAO BOARD MEMBER 1.00
Director
$0 $0 $0
NOELLE LAING BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE CARR CEO 40.00
Officer
$357,500 $26,981 $384,481
PAUL SEIDLER MANAGING PARTNER 40.00
Key Emp
$285,990 $28,037 $314,027
IAN ADAMS MANAGING PARTNER 40.00
Key Emp
$256,434 $27,569 $284,003
SHASHANK CHURUKANTI SENIOR ANALYST 40.00
Highest
$190,128 $26,598 $216,726
MARC ALTMAN DIRECTOR OF DEVELOPMENT 40.00
Highest
$179,843 $26,510 $206,353
ESTELLE M RICHARDS DIRECTOR OF OPERATIONS 40.00
Highest
$150,874 $15,250 $166,124
DYLAN J O'REILLY SENIOR PROGRAM MANAGER 40.00
Highest
$119,576 $10,882 $130,458
RACHEL L SEBALD DIRECTOR OF MARKETING & COMMUNICATIONS 40.00
Highest
$106,439 $7,625 $114,064
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,672,788 $3,168,634 $19,236,717 $504,154
2023 $1,937,956 $3,098,560 $15,377,405 $-1,160,604
2022 $4,404,859 $2,788,904 $15,417,166 $1,615,955
2021 $4,384,622 $2,109,911 $8,886,958 $2,274,711
2020 $1,382,266 $1,657,939 $5,517,927 $-275,673
2019 $2,479,951 $1,927,443 $5,819,005 $552,508
2018 $2,662,371 $2,162,101 $5,228,207 $500,270
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