Evergreen Business Capital Community Finance
- Assets
- $2.0m
- Revenue
- $642.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 07/2016
- Data as of
- 09/2023
- EIN
- 47-3954632
Organization Overview
Evergreen Business Capital Community Finance is located in Seattle, WA. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evergreen Business Capital Community Finance is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Evergreen Business Capital Community Finance generated $642.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.2% each year . All expenses for the organization totaled $215.5k during the year ending 09/2023. While expenses have increased by 10.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Evergreen Business Capital Community Finance has awarded 46 individual grants totaling $454,986. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE SUPERIOR ECONOMIC DEVELOPMENT SOLUTIONS THAT SUPPORT SMALL BUSINESS STABILITY, GROWTH, AND JOB CREATION; AND CREATE INCREASED INCOME AND WEALTH AMONG PEOPLE WHO DO NOT YET HAVE ACCESS TO THE ECONOMIC MAINSTREAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVERGREEN BUSINESS CAPITAL COMMUNITY FINANCE (EBCCF) IS DEDICATED TO OFFERING BUSINESS CAPITAL SERVICES THAT ENHANCE SMALL BUSINESS GROWTH IN WASHINGTON, OREGON, IDAHO, AND ALASKA. IN 2022, THE ORGANIZATION FUNDED 55 FLEX FUND LOANS TOTALING $5,338,000 IN WASHINGTON STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Kibbe President/ceo | OfficerTrustee | 0 | $0 |
Rashad Morris Chair | OfficerTrustee | 0 | $0 |
Ken Takahashi Vice Chair | OfficerTrustee | 0 | $0 |
Thomas Kuljam Secretary | OfficerTrustee | 0 | $0 |
Karen Mciver Treasurer | OfficerTrustee | 0 | $0 |
Virginia Calvin Member | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $100,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $125,623 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,623 |
| Total Program Service Revenue | $416,563 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $642,186 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $168,158 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,624 |
| Office expenses | $2,940 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,903 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $215,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,364,790 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $669,244 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,034,034 |
| Accounts payable and accrued expenses | $74,805 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $100,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $894,748 |
| Total liabilities | $1,069,553 |
| Net assets without donor restrictions | $964,481 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,034,034 |
Grants Awarded
Over the last fiscal year, Evergreen Business Capital Community Finance has awarded $454,986 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
7TH SCALE BOUTIQUE PURPOSE: PROVIDE BUSINESS CAPITAL TO ENHANCE GROWTH | $9,891 |
ARTURO'S LLC PURPOSE: PROVIDE BUSINESS CAPITAL TO ENHANCE GROWTH | $9,891 |
CHAPIN'S MEDICAL BILLING SERVICE & CONS PURPOSE: PROVIDE BUSINESS CAPITAL TO ENHANCE GROWTH | $9,891 |
CLIENTS ARM LLC PURPOSE: PROVIDE BUSINESS CAPITAL TO ENHANCE GROWTH | $9,891 |
CHIPS AWAY STULL LLC PURPOSE: PROVIDE BUSINESS CAPITAL TO ENHANCE GROWTH | $9,891 |
CREOLE SOUL PURPOSE: PROVIDE BUSINESS CAPITAL TO ENHANCE GROWTH | $9,891 |