Evergreen Development Network FY2024 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.
95¢ of each $1 spent went to programs.
$95K 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$95K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $61K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$520K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$877K
+8% vs prior year
Spent
$876K
To programs
95%
Net assets
$355K
By yearFY2021–FY2025
Revenue
$877K
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2021$422K
FY2022$494K
FY2023$810K
FY2024$877K
FY2025$1.1M
Expenses
$876K
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2021$410K
FY2022$485K
FY2023$771K
FY2024$876K
FY2025$1.0M
Net assets
$355K
FY2024+0.1%
Tap a bar for its year
Net assets by fiscal year
FY2021$306K
FY2022$315K
FY2023$355K
FY2024$355K
FY2025$421K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

95 cents of each dollar spent went to programs.

Program services 95% · $830K Management & general 5% · $46K

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; $95K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Principal
$57,611Pt VII · Sec A
Finance Director
$35,906Pt VII · Sec A
Board Member & Teacher Representative
$1,054Pt 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 · $830K · in their own filed words · FY2023
01

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

$678Kprogram 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.

$94Kprogram 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.

$58Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$877K
Ln 12
Fees for servicesLn 2g$824K
Gifts and grantsLn 1h$53K
Money outPt IX
$876K
Ln 25
Programscol B$830K
Managementcol C$46K
Owns and owesPt X
$355K
net assets · Ln 32
Cash and savingsLn 1–2$88K
Total assetsLn 16$875K
LiabilitiesLn 26$520K
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$53K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$824K
Total revenueLn 12$877K
Assets in detailPt X, end of year
CashLn 1$88K
Cash and savings togetherLn 1–2$88K
Accounts receivableLn 4$37K
Land, buildings, equipmentLn 10c$750K
Total assetsLn 16$875K
LiabilitiesLn 26$520K
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 FY24End FY24
Cash and savingsLn 1–2$36K$88K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$750K$750K
Total assetsLn 16$900K$875K
LiabilitiesLn 26$544K$520K
Net assetsLn 32$355K$355K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$94K$58K$36K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$568K$568K$0$0
Pension plan contributionsLn 8$4K$4K$0$0
Other employee benefitsLn 9$67K$67K$0$0
Payroll taxesLn 10$63K$63K$0$0
Legal feesLn 11b$914$914$0$0
Accounting feesLn 11c$8K$8K$0$0
Office expensesLn 13$20K$10K$10K
Information technologyLn 14$4K$4K$0$0
InterestLn 20$19K$19K
InsuranceLn 23$5K$5K$0$0
Other expenses (24a–d)Ln 24$23K$23K$0$0
Total functional expensesLn 25$876K$830K$46K$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
FY2024 ViewingFiled with the IRS Apr 28, 2025 $877K$876K$356$355K 990 PDF
FY2023Filed 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

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $876,739 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $82,045$52,843
I-9 Program service revenuePrior year $728,397$823,896
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $810,442$876,739
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 $657,515$796,128
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $113,021$80,255
I-18 Total expensesPrior year $770,536$876,383
I-19 Revenue less expensesPrior year $39,906$356
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 $876,739 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$52,843
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$52,843
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $823,896 · Unrelated business $0 · Excluded from tax $0$823,896
VIII-12 Total revenueRelated to mission $823,896 · Unrelated business $0 · Excluded from tax $0$876,739
Part IX · Statement of functional expenses $876,383 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $57,611 · Management $35,906 · Fundraising $0$93,517
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $568,337 · Management $0 · Fundraising $0$568,337
IX-8 Pension plan contributionsPrograms $3,600 · Management $0 · Fundraising $0$3,600
IX-9 Other employee benefitsPrograms $67,256 · Management $0 · Fundraising $0$67,256
IX-10 Payroll taxesPrograms $63,418 · Management $0 · Fundraising $0$63,418
IX-11b Legal feesPrograms $914 · Management $0 · Fundraising $0$914
IX-11c Accounting feesPrograms $8,374 · Management $0 · Fundraising $0$8,374
IX-13 Office expensesPrograms $10,000 · Management $10,000$20,000
IX-14 Information technologyPrograms $4,089 · Management $0 · Fundraising $0$4,089
IX-20 InterestPrograms $18,840$18,840
IX-23 InsurancePrograms $5,120 · Management $0 · Fundraising $0$5,120
IX-24 Other expenses (24a–d)Programs $22,918 · Management $0 · Fundraising $0$22,918
IX-25 Total functional expensesPrograms $830,477 · Management $45,906 · Fundraising $0$876,383
Part X · Balance sheet $875,000 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $35,000$88,000
X-2 Savings and temporary cash investmentsStart of year $1,095$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $113,506$37,000
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 $899,601$875,000
X-17 Accounts payable and accrued expensesStart of year $15,367$27,043
X-18 Grants payableStart of year $84,810$86,100
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 $422,632$406,358
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $544,458$519,501
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 $355,143$355,499
X-32 Total net assets or fund balancesStart of year $355,143$355,499
X-33 Total liabilities and net assetsStart of year $899,601$875,000
Part XI · Reconciliation of net assets $355,499 net assets at year end
XI-1 Total revenue$876,739
XI-2 Total expenses$876,383
XI-3 Revenue less expenses$356
XI-4 Net assets at start of year$355,143
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$355,499

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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