Evergreen Development Network FY2023 filing

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Evergreen Development Network (EDN) provides educational and administrative services, at cost, to Network Charter School. EDN owns and manages the building which is leased to Network Charter School.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$92K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $25K a year · 3% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$92K
to officers and key staff · 12% of spending
Pay to officers and key staff is 12% of spending.
Part VII, Section A
0.6 mo
of spending, in cash
0.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $61K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$544K
61% of total assets
Liabilities are 61% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$810K
+64% vs prior year
Spent
$771K
To programs
85%
Net assets
$355K
By yearFY2021–FY2025
Revenue
$810K
FY2023▲ +64%
Tap a bar for its year
Revenue by fiscal year
FY2021$422K
FY2022$494K
FY2023$810K
FY2024$877K
FY2025$1.1M
Expenses
$771K
FY2023▲ +59%
Tap a bar for its year
Expenses by fiscal year
FY2021$410K
FY2022$485K
FY2023$771K
FY2024$876K
FY2025$1.0M
Net assets
$355K
FY2023▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2021$306K
FY2022$315K
FY2023$355K
FY2024$355K
FY2025$421K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $656K Management & general 15% · $114K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $92K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Principal
$50,978Pt VII · Sec A
Finance Director
$35,506Pt VII · Sec A
Board Member & Teacher Representative
$5,164Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A

Penny Studt’s $60K as Principal is at the 10th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Penny Studt$60,300$57,611$50,978——
Melissa Palma————$51,835
Erik Johnson———$49,542—
Rebecca Daniels———$48,697$47,009
Jonathan Kuhns-Obana$36,976$35,906$35,506——
Alec Lamson———$11,184$6,160
Jami Teran—$1,054$5,164——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Evergreen Development Network executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides educational and administrative services, and manages the building, for a charter school.

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3 programs · $656K · in their own filed words · FY2022
01

Evergreen Development Network provides, under contract, management and administrative services to Network Charter School, which serves approximately 105 7th - 12th grade students.

$515Kprogram expense
02

Evergreen Development Network (EDN) provides, under contract, special education assistants to Network Charter School students who have individualized plans (IEPs). EDN also provides counseling services to students and staff, professional development for teachers, and technical support for Network Charter School students and staff.

$108Kprogram expense
03

EDN manages facilities for Network Charter School, which includes overseeing repairs and maintenance on the building which Network Charter School leases from EDN. EDN also holds the mortgage on the building.

$33Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$61K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$810K
Ln 12
Fees for servicesLn 2g$728K
Gifts and grantsLn 1h$82K
Money outPt IX
$771K
Ln 25
Programscol B$656K
Managementcol C$114K
Owns and owesPt X
$355K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$900K
LiabilitiesLn 26$544K
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$82K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$728K
Total revenueLn 12$810K
Assets in detailPt X, end of year
CashLn 1$35K
SavingsLn 2$1K
Cash and savings togetherLn 1–2$36K
Accounts receivableLn 4$114K
Land, buildings, equipmentLn 10c$750K
Total assetsLn 16$900K
LiabilitiesLn 26$544K
Net assetsLn 32$355K
OperationsPt I, VI
EmployeesI 524
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$16K$36K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$750K$750K
Total assetsLn 16$856K$900K
LiabilitiesLn 26$541K$544K
Net assetsLn 32$315K$355K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of officers and key staff (Part IX, line 5)Ln 5$86K$51K$35K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$441K$410K$31K$0
Pension plan contributionsLn 8$2K$2K$600$0
Other employee benefitsLn 9$74K$69K$5K$0
Payroll taxesLn 10$54K$32K$22K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$10K$10K$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$55K$55K$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$9K$5K$4K$0
Information technologyLn 14$5K$3K$2K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$18K$18K$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$15K$0$15K$0
Other expenses (24a–d)Ln 24$2K$2K$0$0
Total functional expensesLn 25$771K$656K$114K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 23, 2026 $1.1M$1.0M$65K$421K 990 PDF
FY2024Filed with the IRS Apr 28, 2025 $877K$876K$356$355K 990 PDF
FY2023 ViewingFiled with the IRS May 6, 2024 $810K$771K$40K$355K 990 PDF
FY2022Filed with the IRS May 11, 2023 $494K$485K$9K$315K 990 PDF
FY2021Filed with the IRS May 12, 2022 $422K$410K$12K$306K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $810,442 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $16,016$82,045
I-9 Program service revenuePrior year $477,656$728,397
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $493,672$810,442
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $363,965$657,515
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $120,748$113,021
I-18 Total expensesPrior year $484,713$770,536
I-19 Revenue less expensesPrior year $8,959$39,906
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $810,442 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$40,000
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$42,045
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$82,045
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $728,397 · Unrelated business $0 · Excluded from tax $0$728,397
VIII-12 Total revenueRelated to mission $728,397 · Unrelated business $0 · Excluded from tax $0$810,442
Part IX · Statement of functional expenses $770,536 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $51,026 · Management $35,459 · Fundraising $0$86,485
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $409,739 · Management $30,841 · Fundraising $0$440,580
IX-8 Pension plan contributionsPrograms $1,753 · Management $600 · Fundraising $0$2,353
IX-9 Other employee benefitsPrograms $68,815 · Management $5,180 · Fundraising $0$73,995
IX-10 Payroll taxesPrograms $31,920 · Management $22,182 · Fundraising $0$54,102
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $9,816 · Management $0 · Fundraising $0$9,816
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $54,662 · Management $0 · Fundraising $0$54,662
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $5,314 · Management $3,692 · Fundraising $0$9,006
IX-14 Information technologyPrograms $2,823 · Management $1,962 · Fundraising $0$4,785
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $17,943 · Management $0 · Fundraising $0$17,943
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $14,561 · Fundraising $0$14,561
IX-24 Other expenses (24a–d)Programs $2,248 · Management $0 · Fundraising $0$2,248
IX-25 Total functional expensesPrograms $656,059 · Management $114,477 · Fundraising $0$770,536
Part X · Balance sheet $899,601 assets, 31 lines filed
X-1 Cash, non-interest-bearingStart of year $15,077$35,000
X-2 Savings and temporary cash investmentsStart of year $1,095$1,095
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $90,101$113,506
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $750,000$750,000
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $856,273$899,601
X-17 Accounts payable and accrued expensesStart of year $4,306$15,367
X-18 Grants payableStart of year $94,336$84,810
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $438,503$422,632
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $3,891$21,649
X-26 Total liabilitiesStart of year $541,036$544,458
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $315,237$355,143
X-32 Total net assets or fund balancesStart of year $315,237$355,143
X-33 Total liabilities and net assetsStart of year $856,273$899,601
Part XI · Reconciliation of net assets $355,143 net assets at year end
XI-1 Total revenue$810,442
XI-2 Total expenses$770,536
XI-3 Revenue less expenses$39,906
XI-4 Net assets at start of year$315,237
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$355,143

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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