2025-11-15T07:55:10-06:00 2024-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 200 W ADAMS STREET STE 2015 CHICAGO IL 60606 990 2024-01-01 272378677 EVERGREEN CLIMATE INNOVATIONS EVER 7737423418 400 N ABERDEEN STREET SUITE 900 CHICAGO IL 60642 MICHELLE CARR CEO 7737423418 2025-11-14 1 1 MELANIE MCPEAK P01346034 3123462191 2024 2025-03-06 01:10:19Z MICHELLE CARR 400 N ABERDEEN STREET SUITE 900 CHICAGO IL 60642 3858321 0 X WWW.EVERGREENINNO.ORG X 2010 IL 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. 13 13 11 35 0 0 1571559 3500104 315332 232997 51065 -60313 0 0 1937956 3672788 50000 115000 0 0 1795843 2053441 15610 0 459919 1237107 1000193 3098560 3168634 -1160604 504154 15377405 19236717 3324139 3540126 12053266 15696591 X 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. 0 0 1616167 115000 232997 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. 558934 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. 212285 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. 96309 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. 96309 2483695 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 21 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X ANETA HEBSON SUPPORTING STRATEGIES 8475008897 3400 W STONEGATE BLVD STE 2356 ARLINGTON HEIGHTS IL 60005 AMY FRANCETIC BOARD CHAIRWOMAN / FORMER CEO 1.00 0.00 X X 0 0 0 KAREN KERR TREASURER 1.00 0.00 X X 0 0 0 TIM STOJKA DEVELOPMENT CHAIR 1.00 0.00 X X 0 0 0 SANJEEV KRISHNAN BOARD MEMBER 1.00 0.00 X 0 0 0 COLLEEN CALHOUN BOARD MEMBER 1.00 0.00 X 0 0 0 THOMAS O'NEILL BOARD MEMBER 1.00 0.00 X 0 0 0 MAGGIE PAKULA BOARD MEMBER 1.00 0.00 X 0 0 0 JEFFREY YINGLING BOARD MEMBER 1.00 0.00 X 0 0 0 DR CHERYL MARTIN BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREW SCHWERTFEGER BOARD MEMBER 1.00 0.00 X 0 0 0 RACHEL STAR BOARD MEMBER 1.00 0.00 X 0 0 0 KISHORE RAO BOARD MEMBER 1.00 0.00 X 0 0 0 NOELLE LAING BOARD MEMBER 1.00 0.00 X 0 0 0 MICHELLE CARR CEO 40.00 0.00 X 357500 0 26981 PAUL SEIDLER MANAGING PARTNER 40.00 0.00 X 285990 0 28037 IAN ADAMS MANAGING PARTNER 40.00 0.00 X 256434 0 27569 SHASHANK CHURUKANTI SENIOR ANALYST 40.00 0.00 X 190128 0 26598 MARC ALTMAN DIRECTOR OF DEVELOPMENT 40.00 0.00 X 179843 0 26510 ESTELLE M RICHARDS DIRECTOR OF OPERATIONS 40.00 0.00 X 150874 0 15250 DYLAN J O'REILLY SENIOR PROGRAM MANAGER 40.00 0.00 X 119576 0 10882 RACHEL L SEBALD DIRECTOR OF MARKETING & COMMUNICATIONS 40.00 0.00 X 106439 0 7625 1646784 0 169452 8 0 1 0 0 37506 638593 2824005 3500104 CLEAN ENERGY ENTREPRENEUR COACHIN 541900 160511 160511 EVENTS 611430 54367 54367 SPONSORSHIP REVENUE 611430 18119 18119 232997 125220 125220 185533 -185533 -185533 -185533 3672788 232997 0 -60313 115000 115000 982511 732463 85436 164612 804121 587176 82150 134795 25834 21677 4157 136662 113170 636 22856 104313 76356 10501 17456 2078 1753 325 79553 67128 12425 46740 39440 7300 112286 88722 7248 16316 53494 39437 5095 8962 238691 175964 22785 39942 16827 7987 4677 4163 79342 62909 646 15787 65561 62830 2731 27902 20569 2664 4669 4726 3485 451 790 DIRECT COST OF EVENTS 243370 243370 29623 24259 5364 3168634 2483695 225020 459919 1489476 1540373 525 0 1379427 866650 1603546 994839 29668 33012 58460 52764 7074 5696 10538945 15424793 27813 3403 300931 367951 15377405 19236717 182475 89117 258316 3141664 3132693 60000 3324139 3540126 X 10171513 15457847 1881753 238744 12053266 15696591 15377405 19236717 X 504154 3408681 -269510 X 0 1 X 1 0 X 1327914 3337412 4080705 1571559 3500104 13817694 1327914 3337412 4080705 1571559 3500104 13817694 4211735 9605959 74759 73667 132469 126894 125220 533009 14350703 672339 0.66940 0.67170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52789 47093 5696 5671 5671 0 5696 INVESTMENT IN NONCONSOLIDATED ENTITY 15424793 F 15424793 X 7081469 3408681 3408681 3672788 0 3672788 3168634 0 3168634 0 3168634 PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AND HAS BEEN DETERMINED TO BE EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR EITHER FEDERAL OR STATE INCOME TAXES. THE ORGANIZATION HAS EVALUATED THE TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE RETURNS FOR THE PRIOR THREE FISCAL YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE; HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY THIS JURISDICTION. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS WOULD BE UPHELD UNDER AN EXAMINATION; THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED DECEMBER 31, 2024 OR 2023. 1 NATURAL SCIENCE LLC 48W960 US HIGHWAY 30 BIG ROCK IL 60511 472158484 25000 0 DEI PROGRAM GRANT EARNEST AGRICULTURE INC 505 EAST CONDIT DRIVE RANTOUL IL 618663604 831616770 10000 0 DEI PROGRAM GRANT SENSATEK PROPULSION TECHNOLOGY INC 1511 AVIATION CENTER PARKWAY DAYTONA BEACH FL 32114 812383833 10000 0 DEI PROGRAM GRANT GOOD FIBES 111 NORTH WABASH AVENUE CHICAGO IL 606021903 932905252 10000 0 DEI PROGRAM GRANT CALECTRA INC 540 39TH STREET OAKLAND CA 946092996 922500375 30000 0 DEI PROGRAM GRANT KIT SWITCH 1292 TREAT AVENUE SAN FRANCISCO CA 94110 873061084 30000 0 DEI PROGRAM GRANT 0 6 PART I, LINE 2: EVERGREEN CLIMATE INNOVATIONS RECEIVES STARTUP APPLICATIONS AS A PART OF NORMAL OPERATIONS. WE SEND THE DOWNSELECTED DEI APPLICANTS TO THE DEI GRANTOR (US BANK AND NICOR) FOR REVIEW AND SELECTION. THE GRANTOR SELECTS THE STARTUP TO RECEIVE THE GRANT. EVERGREEN CLIMATE INNOVATIONS AWARDS THE GRANT AND FEATURES THE STARTUP AT THE ANNUAL CO_INVEST EVENT. X X X X 0 0 0 0 0 0 0 1 0 MICHELLE CARR CEO 275000 0 82500 0 0 0 5250 0 21731 0 384481 0 0 0 PAUL SEIDLER MANAGING PARTNER 240799 0 45191 0 0 0 6306 0 21731 0 314027 0 0 0 IAN ADAMS MANAGING PARTNER 222960 0 33474 0 0 0 5838 0 21731 0 284003 0 0 0 SHASHANK CHURUKANTI SENIOR ANALYST 162225 0 27903 0 0 0 4867 0 21731 0 216726 0 0 0 MARC ALTMAN DIRECTOR OF DEVELOPMENT 159294 0 20549 0 0 0 4779 0 21731 0 206353 0 0 0 ESTELLE M RICHARDS DIRECTOR OF OPERATIONS 140339 0 10535 0 0 0 0 0 15250 0 166124 0 0 0 PART I, LINE 7 BONUSES ARE NOT GUARANTEED AND ARE GIVEN ANNUALLY AND APPROVED BY THE BOARD OF DIRECTORS. 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 COPY OF THE RETURN IS SENT TO THE FULL BOARD ONCE APPROVED. 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, AND BOARD MEMBERS ARE ASKED TO CONFIRM AT EACH QUARTERLY BOARD MEETING WHETHER THERE ARE ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS, UNDER THE LEADERSHIP OF THE CHAIR PERSON, 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 TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS ON INVESTMENTS -269,510. ILLINOIS CLEAN ENERGY INNOVATION FUND LLC 20 N WACKER DRIVE 734 CHICAGO IL 60606 272378677 FOSTER INNOVATION & PROMOTE ECONOMICALLY DRIVEN ENVIRONMENTAL SUSTAINABILITY IL 715353 6886050 EVERGREEN CLIMATE INNOVATIONS CLEAN ENERGY PRIZE FUND 20 N WACKER DRIVE 734 CHICAGO IL 60606 272378677 FOSTER INNOVATION & PROMOTE ECONOMICALLY DRIVEN ENVIRONMENTAL SUSTAINABILITY IL 2424624 7352644 EVERGREEN CLIMATE INNOVATIONS