Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2011.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
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
21 people listed on the 990; $1.6M paid to officers and key staff.
Michelle Carr’s $358K as CEO is at the 99th percentile of top reported officer pay among 1851 $1–10M environment 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Michelle Carr | $357,500 | — | — | — | — |
| Erik Birkerts | — | $297,681 | $266,380 | $324,238 | $183,630 |
| Paul Seidler | $285,990 | $255,083 | $223,849 | $216,688 | $171,535 |
| Ian Adams | $256,434 | $207,844 | $175,118 | $178,295 | $128,400 |
| Shashank Churukanti | $190,128 | — | — | — | — |
| Shashank Churukant | — | $189,001 | — | — | — |
| Marc Altman | $179,843 | — | — | — | — |
| Mark Altman | — | $175,965 | $153,984 | $132,249 | — |
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.
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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
Accelerates clean technology innovation for a healthier environment and prosperous future.
Questions for Evergreen Climate Innovations
Your first name shows with your question. Evergreen Climate Innovations answers here, for everyone.
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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.
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.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.5M | $1.5M |
| InvestmentsLn 11–13 | $10.5M | $15.4M |
| Land, buildings, equipmentLn 10c | $7K | $6K |
| Total assetsLn 16 | $15.4M | $19.2M |
| LiabilitiesLn 26 | $3.3M | $3.5M |
| Net assetsLn 32 | $12.1M | $15.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $115K | $115K | ||
| Pay of current officers, directors and key staffLn 5 | $983K | $732K | $85K | $165K |
| Other salaries and wagesLn 7 | $804K | $587K | $82K | $135K |
| Pension plan contributionsLn 8 | $26K | $22K | $4K | |
| Other employee benefitsLn 9 | $137K | $113K | $636 | $23K |
| Payroll taxesLn 10 | $104K | $76K | $11K | $17K |
| Legal feesLn 11b | $2K | $2K | $325 | |
| Accounting feesLn 11c | $80K | $67K | $12K | |
| Other fees for servicesLn 11g | $47K | $39K | $7K | |
| Advertising and promotionLn 12 | $112K | $89K | $7K | $16K |
| Office expensesLn 13 | $53K | $39K | $5K | $9K |
| OccupancyLn 16 | $239K | $176K | $23K | $40K |
| TravelLn 17 | $17K | $8K | $5K | $4K |
| Conferences, conventions and meetingsLn 19 | $79K | $63K | $646 | $16K |
| InterestLn 20 | $66K | $63K | $3K | |
| Depreciation, depletion and amortizationLn 22 | $28K | $21K | $3K | $5K |
| InsuranceLn 23 | $5K | $3K | $451 | $790 |
| Other expenses (24a–d)Ln 24 | $243K | $243K | ||
| All other expensesLn 24e | $30K | $24K | $5K | |
| Total functional expensesLn 25 | $3.2M | $2.5M | $225K | $460K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $3.7M | $3.2M | $504K | $15.7M | 990 PDF |
| FY2023 | $1.9M | $3.1M | −$1.2M | $12.1M | 990 PDF |
| FY2022 | $4.4M | $2.8M | $1.6M | $12.2M | 990 PDF |
| FY2021 | $4.4M | $2.1M | $2.3M | $7.1M | 990 PDF |
| FY2020 | $1.4M | $1.7M | −$276K | $5.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $3,672,788 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, no flags
Part VIII · Statement of revenue $3,672,788 across 8 lines filed
Part IX · Statement of functional expenses $3,168,634 across 19 lines filed
Part X · Balance sheet $19,236,717 assets, 17 lines filed
Part XI · Reconciliation of net assets $15,696,591 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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