Overview
What is Evergreen Inc Your North Brooklyn Business Exchange?
Evergreen Inc Your North Brooklyn Business Exchange is a membership-based organization situated in Brooklyn, New York, specifically at 2 Kingsland Avenue, with a postal code of 11211. Their primary mission is to foster the development and retention of production, manufacturing, and industrial service businesses within North Brooklyn and surrounding communities. They achieve this by offering resources and opportunities to enhance these businesses' competitive edge in the marketplace. In 2022, Evergreen successfully leased out a 10,000 square foot industrial warehouse building at 500 Stagg Street in East Williamsburg to six small businesses at a subsidized rate, an initiative aimed at preserving manufacturing and industry in the North Brooklyn area. The organization, with a workforce of seven employees, plays a significant role in promoting neighborhood revitalization and development.
Official website here: www.evergreenexchange.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Evergreen Inc Your North Brooklyn Business Exchange has achieved a notable 96% score, reflecting strong accountability and financial health. With a full complement of independent board members and a solid financial oversight structure, the organization demonstrates a commitment to transparency and effective governance. Their high program expense ratio of 82.64% indicates a significant portion of funds is directed towards their programs, maximizing impact for the community they serve.
The organization also adheres to best practices in governance, evidenced by the presence of conflict of interest, whistleblower, and document retention policies. Additionally, they have established systems for audit and oversight, ensuring that all financial practices are rigorously monitored and transparent. These features contribute to the overall confidence in their operational integrity.
While the nonprofit showcases many strengths, continuous evaluation of program effectiveness and community impact will be essential to maintain and build upon their strong reputation. Overall, Evergreen Inc operates as a trustworthy organization that prioritizes accountability and effective use of resources in serving North Brooklyn.
This AI summary has been generated from information found on Charity Navigator.
Is Evergreen Inc Your North Brooklyn Business Exchange legitimate?
Evergreen Inc Your North Brooklyn Business Exchange is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evergreen Inc Your North Brooklyn Business Exchange submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $128,511
Professional Fundraising Fees: $0
Other Salaries and Wages: $319,609
For more financial information, click here
Official website here: www.evergreenexchange.org
What is the mission statement of Evergreen Inc Your North Brooklyn Business Exchange?
Evergreen Inc. is a membership organization that focuses on promoting the growth and retention of production, manufacturing, and industrial service businesses. By connecting these businesses with necessary resources and opportunities, Evergreen Inc. aims to enhance their competitive edge in the marketplace. This mission is executed with the ultimate goal of revitalizing and improving neighborhoods in North Brooklyn and surrounding communities. The organization's activities are geared towards fostering an environment that benefits both the businesses and the local communities.
Official website here: www.evergreenexchange.org
Who is the CEO of Evergreen Inc Your North Brooklyn Business Exchange?
Leah Archibald is the Chairman of Evergreen Inc Your North Brooklyn Business Exchange.
Official website here: www.evergreenexchange.org
What is the revenue of Evergreen Inc Your North Brooklyn Business Exchange?
Evergreen Inc Your North Brooklyn Business Exchange's revenue in 2022 was $1,794,685.
Official website here: www.evergreenexchange.org
Who are the executives of Evergreen Inc Your North Brooklyn Business Exchange and what are their salaries?
The average compensation at Evergreen Inc Your North Brooklyn Business Exchange during 2022 was $64,017. There are 7 employees and 14 volunteers at Evergreen Inc Your North Brooklyn Business Exchange.
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- Compensation: $134,560
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- Other: $6,410
Official website here: www.evergreenexchange.org
Where can I find the form 990 for Evergreen Inc Your North Brooklyn Business Exchange?
Evergreen Inc Your North Brooklyn Business Exchange's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.evergreenexchange.org
Learn more at the official website: www.evergreenexchange.org
Mission Statement of Evergreen Inc Your North Brooklyn Business Exchange
Evergreen Inc, Your North Brooklyn Business Exchange, is a membership organization with a mission to foster the growth and retention of production, manufacturing, and industrial service businesses in North Brooklyn and surrounding communities. By connecting these businesses with necessary resources and opportunities, Evergreen Inc aims to enhance their competitive edge in the marketplace, ultimately revitalizing and improving the neighborhoods they operate in. This mission is geared towards promoting economic development and strengthening the local business ecosystem, contributing to a thriving and vibrant community.
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Impact
July, 2024
Evergreen Inc Your North Brooklyn Business Exchange's impact lies in its dedication to promoting the development and retention of production, manufacturing, and industrial service businesses in North Brooklyn. By connecting businesses with resources and opportunities to maximize their competitive advantage in the marketplace, Evergreen contributes to the improvement of neighborhoods in North Brooklyn and surrounding communities. Through initiatives such as subsidizing industrial rental real estate to small businesses, Evergreen plays a key role in preserving manufacturing and industry in the area, fostering economic growth and sustainability.
This information is meant to be a general summary of Evergreen Inc Your North Brooklyn Business Exchange. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $394,098
- Gross Receipts: $1,837,320
Assets and Liabilities:
- Total Assets: $12,307,218
- Total Liabilities: $1,789,401
- Net Assets: $10,517,817
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$350,098
FEE FOR SERVICE INCOME
Revenue
$44,000
Organization Details
Founding Year
1982
Phone
(718) 388-7287Principal Officer
Leah Archibald
Main Address
2 KINGSLAND AVENUE, BROOKLYN, NY, 11211
Website
www.evergreenexchange.orgNTEE Category
Code: S400 - Community improvement
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