2023-11-09T15:03:29-06:00 2022-12-31 362658780 PKF MUELLER LLP 1707 N RANDALL ROAD ELGIN IL 60123 990 2022-01-01 272378677 EVERGREEN CLIMATE INNOVATIONS EVER 7737423418 20 N WACKER DR 1200 CHICAGO IL 60606 ERIK BIRKERTS CEO 7737423418 2023-11-07 1 ERIK BIRKERTS 999009999 1 ELEANOR LIVINGSTON P00226461 8478888600 2023-11-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ERIK BIRKERTS 20 N WACKER DR 1200 CHICAGO IL 60606 4404859 0 X WWW.EVERGREENINNO.ORG X 2010 IL EVERGREEN CLIMATE INNOVATIONS IS A CLEAN TECH ACCELERATOR THAT FUELS INNOVATION TO CREATE A HEALTHIER ENVIRONMENT AND MORE PROSPEROUS FUTURE. 10 10 10 5 0 0 3337412 4080705 0 101727 1047210 220427 0 2000 4384622 4404859 0 0 0 0 1498797 1587715 0 0 302366 611114 1201189 2109911 2788904 2274711 1615955 8886958 15417166 1750000 3233654 7136958 12183512 X EVERGREEN CLIMATE INNOVATIONS (F/K/A CLEAN ENERGY TRUST) WAS FOUNDED IN 2010 WITH THE MISSION OF PROVIDING CATALYTIC CAPITAL AND SUPPORT TO ENTREPRENEURS COMMERCIALIZING TECHNOLOGIES AND SOLUTIONS FOR CLEAN ENERGY, DECARBONIZATION, AND ENVIRONMENTAL SUSTAINABILITY. EVERGREEN ALSO WORKS TO STRENGTHEN THE INNOVATION ECOSYSTEM IN THE MIDWEST REGION OF THE UNITED STATES BY CONVENING EVENTS, FOSTERING RELATIONSHIPS, AND PROMOTING THE SHARING OF KNOWLEDGE AND RESOURCES BETWEEN STAKEHOLDERS IN THE REGION. 0 0 1354038 51727 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. 330194 50000 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. 230368 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 STUDY IS A COMPONENT OF A LARGER NATIONAL STUDY CONDUCTED BY A CONSORTIUM OF PARTNERS, ENCOMPASSING ALL 50-STATES AND THE DISTRICT OF COLUMBIA. 349478 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 ASSESSIBLE EDUCATION AND TRAINING RESOURCES, AS WELL AS A COMPREHEVSIVE ACCELERATOR PROGRAMS FOR ENERGY HARDWARE STARTUPS IN THE MIDWEST AND BEYOND. 349478 2264078 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 4 0 1 10 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X ERIK BIRKERTS 7737423418 20 N WACKER DR 1200 CHICAGO IL 60606 AMY FRANCETIC CHAIR 1.00 X X 0 0 0 KAREN KERR TREASURER 1.00 X X 0 0 0 TIM STOIJKA DEVELOPMENT CHAIR 1.00 X 0 0 0 SANJEEV KRISHNAN DEVELOPMENT COMMITTEE 1.00 X 0 0 0 DR CHERYL MARTIN DEVELOPMENT COMMITTEE 1.00 X 0 0 0 ANDREW SCHWERTFEGER DEVELOPMENT COMMITTEE 1.00 X 0 0 0 COLLEEN CALHOUN DIRECTOR 1.00 X 0 0 0 MAGGIE PAKULA DIRECTOR 1.00 X 0 0 0 JEFF YINGLING DEVELOPMENT COMMITTEE 1.00 X 0 0 0 TOM O'NEILL DIRECTOR 1.00 X 0 0 0 ERIK BIRKERTS SECRETARY & CEO 40.00 X 266380 0 4516 PAUL SEIDLER DIRECTOR OF VENTURE DEVELO 40.00 X 223849 0 24717 IAN ADAMS CHIEF OF STAFF 40.00 X 175118 0 24083 MARK ALTMAN DIRECTOR OF DEVELOPMENT 40.00 X 153984 0 23760 ESTELLE SEALS DIRECTOR OF OPERATIONS 40.00 X 122687 0 21125 942018 0 98201 5 0 1 0 0 232835 3847870 4080705 CLEAN ENERGY ENTREPREN 541900 57428 57428 EVENTS 611430 44299 44299 101727 130469 130469 2000 0 2000 2000 2000 89958 0 89958 89958 89958 4404859 101727 0 222427 266380 173147 26638 66595 1084068 865055 101781 117232 6873 6873 144851 116534 7664 20653 85543 67556 6343 11644 22124 21125 999 79452 58531 7822 13099 247012 226237 330 20445 76203 68087 3278 4838 37100 34027 1263 1810 97272 50374 33658 13240 24294 20326 1583 2385 23196 19468 1524 2204 32939 32273 666 59469 45718 5656 8095 26044 17043 5456 3545 DIRECT COST OF EVENTS 469025 442457 10926 15642 7059 6120 939 2788904 2264078 222460 302366 2569530 2980106 150532 150551 359310 1736601 1600044 1975044 67622 30352 200553 121825 110604 78728 3842268 8199937 187048 265847 8886958 15417166 99000 82654 1650000 3150000 1000 1000 1750000 3233654 X 5820930 10134410 1316028 2049102 7136958 12183512 8886958 15417166 X 1615955 3533379 536052 -638832 X 0 1 X 1 0 X 2398546 2288074 1327914 3337412 4080705 13432651 2398546 2288074 1327914 3337412 4080705 13432651 3821367 9611284 149319 100118 74759 73667 220427 618290 14050941 101727 0.68400 0.75960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1274 1274 0 199279 120551 78728 78728 INVESTMENT IN NONCONSOLIDATED ENTITY 8199937 F 8199937 4404859 0 4404859 0 4404859 2788904 0 2788904 0 2788904 X X X X 0 0 0 0 0 0 0 1 0 ERIK BIRKERTS SECRETARY & CEO 194290 0 72090 0 0 0 0 0 4516 0 270896 0 0 0 PAUL SEIDLER DIRECTOR OF VENTURE DEVELO 173849 0 50000 0 0 0 0 0 24717 0 248566 0 0 0 IAN ADAMS CHIEF OF STAFF 157118 0 18000 0 0 0 0 0 24083 0 199201 0 0 0 MARK ALTMAN DIRECTOR OF DEVELOPMENT 133899 0 20085 0 0 0 0 0 23760 0 177744 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK ANY QUESTIONS DIRECTLY TO ORGANIZATION MANAGEMENT OR THE CONTACT AT THE INDEPENDENT CPA FIRM PRIOR TO FILING. A MEETING OR CONFERENCE CALL IS LATER SCHEDULED FOR THE CPA FIRM AND ORGANIZATION MANAGEMENT TO DISCUSS THE FORM 990 WITH THE GOVERNING BODY OR THEIR DESIGNATED COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AS A PRECURSOR TO THEIR SERVICE TO THE ORGANIZATION. POTENTIAL CONFLICTS ARE LOGGED WITH AND MONITORED BY THE SECRETARY OF THE BOARD FORM 990, PART VI, SECTION B, LINE 15 THE BOARD DETERMINES COMPENSATION OF THE EXECUTIVE DIRECTOR. THE BOARD EVALUATES THE REASONABLENESS OF THE COMPENSATION THROUGH THE USE OF COMPARATIVE INFORMATION ABOUT SIMILARLY SITUATED EXECUTIVES IN SIMILARLY SITUATED ORGANIZATIONS. THE BOARD WEIGHS THIS INFORMATION IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION. THE BOARD VOTES ON COMPENSATION WITHOUT THE EXECUTIVE DIRECTOR PRESENT FOR THE CONVERSATION. THE BOARD DOCUMENTS ITS PROCESSES ON PAPER. A SIMILAR PROCESS AS MENTIONED IN THE PRIOR STATEMENT IS USED FOR ALL MANAGEMENT EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES. FORM 990, PART XI, LINE 9: PROVISION FOR NOTES RECEIVABLE LOSSES -29,225. IMPAIRMENT LOSS ON INVESTMENTS -609,607. CLEAN ENERGY INNOVATION FUND LLC 20 N WACKER DRIVE 734 CHICAGO IL 60606 272378677 FOSTER INNOVATION & PROMOTE ECONOMICALLY DRIVEN ENVIRONMENTAL SUSTAINABILITY IL 3152475 6967828 EVERGREEN CLIMATE INNOVATIONS CLEAN ENERGY PRIZE FUND 20 N WACKER DRIVE 734 CHICAGO IL 60606 272378677 FOSTER INNOVATION & PROMOTE ECONOMICALLY DRIVEN ENVIRONMENTAL SUSTAINABILITY IL 24245 5114691 EVERGREEN CLIMATE INNOVATIONS