2025-01-14T07:17:41-06:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 200 W ADAMS STREET STE 2015 CHICAGO IL 60606 990 2023-01-01 272378677 EVERGREEN CLIMATE INNOVATIONS EVER 7737423418 400 N ABERDEEN STREET SUITE 900 CHICAGO IL 60642 MICHELLE CARR CEO 7737423418 2025-01-13 1 1 KEVIN FUQUA CPA CVA P00433011 3123462191 2023 2024-10-15 13:58:12Z X MICHELLE CARR 400 N ABERDEEN STREET SUITE 900 CHICAGO IL 60642 2013785 0 X WWW.EVERGREENINNO.ORG X 2010 IL EVERGREEN ADVANCES CLIMATE TECH IN THE GREATER MIDWEST. WE SUPPORT STARTUPS BRINGING IMPACTFUL CLIMATE TECHNOLOGIES TO MARKET AND MAKING SEED INVESTMENTS AND PROVIDE HANDS-ON SUPPORT TO ENTREPRENEURS. 10 10 10 10 0 0 4080705 1571559 101727 315332 220427 51065 2000 0 4404859 1937956 0 50000 0 0 1587715 1795843 0 15610 340510 1201189 1237107 2788904 3098560 1615955 -1160604 15417166 15377405 3233654 3324139 12183512 12053266 X EVERGREEN ADVANCES CLIMATE TECH IN THE GREATER MIDWESTWE 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 1902176 50000 315332 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. 270040 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. 181017 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. 100819 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. 100819 2454052 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 18 0 1 10 1 0 0 0 0 0 0 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 MICHELLE CARR 7737423418 400 N ABERDEEN STREET 9TH FLOOR CHICAGO IL 60642 AMY FRANCETIC 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 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 ERIK BIRKERTS PRESIDENT/CEO 40.00 0.00 X 297681 0 5535 PAUL SEIDLER MANAGING PARTNER 40.00 0.00 X 255083 0 26157 IAN ADAMS MANAGING PARTNER 40.00 0.00 X 207844 0 26157 MARK ALTMAN DIRECTOR OF DEVELOPMENT 40.00 0.00 X 175965 0 25883 SHASHANK CHURUKANT SENIOR ANALYST 40.00 0.00 X 189001 0 26157 ESTELLE RICHARDS DIRECTOR OF OPERATIONS 40.00 0.00 X 145339 0 26157 1270913 0 136046 6 0 1 0 0 281774 1289785 1571559 CLEAN ENERGY ENTREPREN 541900 230000 230000 EVENTS 611430 46115 46115 SPONSORSHIP REVENUE 611430 39217 39217 315332 126894 126894 75829 -75829 -75829 -75829 1937956 315332 0 51065 X 50000 50000 303216 227296 31627 44293 1220396 917528 123495 179373 29974 23545 2032 4397 147890 116371 9821 21698 94367 61456 20341 12570 5693 5272 264 157 80490 74538 3726 2226 15610 15610 462578 442827 19751 79233 65829 7540 5864 41332 36957 2739 1636 137789 83751 33825 20213 22669 13627 5953 3089 43964 27661 10267 6036 63704 62416 1288 56597 34400 13894 8303 37169 22592 9125 5452 DIRECT COST OF EVENTS 196876 182892 5751 8233 9013 5094 2559 1360 3098560 2454052 303998 340510 2980106 1489476 150551 525 1736601 1379427 1975044 1603546 30352 29668 56345 49271 78728 7074 8199937 10538945 27813 265847 300931 15417166 15377405 82654 182475 3150000 3141664 1000 3233654 3324139 X 10134410 10171513 2049102 1881753 12183512 12053266 15417166 15377405 X -1160604 1346357 -315999 X 0 1 X 1 0 X 2262576 1327914 3337412 4080705 1571559 12580166 2262576 1327914 3337412 4080705 1571559 12580166 3788506 8791660 100118 74759 73667 132469 126894 507907 13088073 563559 0.67170 0.68400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50674 43600 7074 5671 5671 0 7074 INVESTMENT IN NONCONSOLIDATED ENTITY 10538945 F 10538945 X 3284313 1346357 1346357 1937956 0 1937956 3098560 0 3098560 0 3098560 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, 2023 OR 2022. 1 ALEXANDER ROSS GROUP LTD 2406 PRAIRIE AVENUE EVANSTON IL 60201 FUNDRAISING CONSULTATION 0 0 15610 -15610 15610 -15610 IL NY 1 AGRIWATER 11020 SOLWAY SCHOOL ROAD KNOXVILLE TN 37931 25000 0 DEI PROGRAM GRANT AETERNAL UPCYCLING INC 1953 WEST SUNNYSIDE AVE APT 3 CHICAGO IL 60640 25000 0 DEI PROGRAM GRANT 0 2 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 ERIK BIRKERTS PRESIDENT/CEO 229368 0 68313 0 0 0 0 0 5535 0 303216 0 0 0 PAUL SEIDLER MANAGING PARTNER 210188 0 44895 0 0 0 0 0 26157 0 281240 0 0 0 IAN ADAMS MANAGING PARTNER 194618 0 13226 0 0 0 0 0 26157 0 234001 0 0 0 SHASHANK CHURUKANT SENIOR ANALYST 162226 0 26775 0 0 0 0 0 26157 0 215158 0 0 0 MARK ALTMAN DIRECTOR OF DEVELOPMENT 159294 0 16671 0 0 0 0 0 25883 0 201848 0 0 0 ESTELLE RICHARDS DIRECTOR OF OPERATIONS 122499 0 22840 0 0 0 0 0 26157 0 171496 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 IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 434,230. MANAGEMENT AND GENERAL EXPENSES 19,321. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 453,551. PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 8,597. MANAGEMENT AND GENERAL EXPENSES 430. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,027. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS ON INVESTMENTS -315,999. ILLINOIS CLEAN ENERGY INNOVATION FUND LLC 20 N WACKER DRIVE 734 CHICAGO IL 60606 272378677 FOSTER INNOVATION & PROMOTE ECONOMICALLY DRIVEN ENVIRONMENTAL SUSTAINABILITY IL 971462 6778681 EVERGREEN CLIMATE INNOVATIONS CLEAN ENERGY PRIZE FUND 20 N WACKER DRIVE 734 CHICAGO IL 60606 272378677 FOSTER INNOVATION & PROMOTE ECONOMICALLY DRIVEN ENVIRONMENTAL SUSTAINABILITY IL 187306 5239593 EVERGREEN CLIMATE INNOVATIONS