Overview
What is Evergreen Fund?
Evergreen Fund is a nonprofit organization based in Los Angeles, California. Its core mission revolves around supporting the recovery of individuals struggling with alcoholism and drug addiction. The organization provides a range of services, including sober housing, mental health services, peer counseling, and companion services. Furthermore, Evergreen Fund offers job training, career mentorship, entrepreneurship education, business networking, job placement, and supported work environments. The ultimate goal of Evergreen Fund is to break the cycle of dependence on addicts' families, friends, and society by creating business opportunities and educating individuals within the recovery community. The organization stipulates that its services and programs should be used to further its purposes of providing jobs, improving productivity, and preventing or treating individuals affected by alcoholism, drug addiction, and other addictive disorders.
Official website here: www.reddoor.life
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 39%, Zero-Star out of Four Star rating.
The Evergreen Fund has received a significant rating of 39%, which classifies it with a Zero-Star rating, indicating serious concerns regarding its accountability and financial practices. The score is primarily derived from a lack of transparency and governance, particularly highlighted by the absence of independent board members and insufficient financial documentation.
Key organizational strengths include a high program expense ratio, suggesting that funds are allocated towards its programs effectively. However, this is overshadowed by several limitations. The fund fails to demonstrate proper governance practices, such as maintaining conflict of interest and whistleblower policies, as well as providing adequate financial statements, which can compromise donor trust and transparency.
Overall, while the Evergreen Fund may be performing well in some operational aspects, its low accountability score raises significant red flags about its management and governance. Potential donors should carefully consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Evergreen Fund legitimate?
Evergreen Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evergreen Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $919,721
For more financial information, click here
Official website here: www.reddoor.life
What is the mission statement of Evergreen Fund?
The Evergreen Fund is focused on supporting the recovery of alcoholics and addicts, aiming to break the cycle of dependence within their families, friends, and society. They aim to achieve this by creating business opportunities and providing education within the recovery community. Their mission is to use their services and programs to further their goals of providing jobs, improving productivity, and preventing or treating individuals affected by alcoholism, drug addiction, and other addictive disorders.
Official website here: www.reddoor.life
What is the revenue of Evergreen Fund?
Evergreen Fund's revenue in 2022 was $3,958,395.
Official website here: www.reddoor.life
Who are the executives of Evergreen Fund and what are their salaries?
The average compensation at Evergreen Fund during 2022 was $459,860. There are 2 employees at Evergreen Fund.
Here are 5 key members and their salaries:
- Compensation: $110,000
- Related: $0
- Other: $0
- Compensation: $87,282
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.reddoor.life
Where can I find the form 990 for Evergreen Fund?
Evergreen Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reddoor.life
Learn more at the official website: www.reddoor.life
Mission Statement of Evergreen Fund
The Evergreen Fund, a non-profit organization, is dedicated to fostering and leveraging the remarkable transformation experienced by individuals who overcome alcoholism and addiction. Their primary objective is to dismantle the cycle of dependency affecting families, friends, and society by generating business opportunities and educating individuals within the recovery community. The Evergreen Fund ensures that the services and programs it offers are geared towards achieving its mission of providing jobs, enhancing productivity, and addressing individuals affected by alcoholism, drug addiction, and other addictive disorders. By doing so, they aim to break the cycle of dependence and empower those who have recovered from addiction to contribute positively to society.
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Impact
June, 2024
The Evergreen Fund's impact is centered around supporting individuals in recovery from alcoholism and addiction by providing a range of services aimed at breaking the cycle of dependence and creating business opportunities within the recovery community. These services include sober housing, mental health support, peer counseling, job training, career mentorship, and more. By offering these resources, the Evergreen Fund helps individuals affected by addiction improve their productivity, find employment, and prevent or treat addictive disorders. Ultimately, the fund's efforts contribute to the transformation and empowerment of those in recovery, as well as the broader community.
This information is meant to be a general summary of Evergreen Fund. 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: $3,878,395
- Gross Receipts: $3,958,395
Assets and Liabilities:
- Total Assets: $218,367
- Total Liabilities: $1,049,631
- Net Assets: -$831,264
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT FEES
Revenue
$3,878,395
Organization Details
Founding Year
2005
Principal Officer
Alexander Shohet
Website
www.reddoor.lifeNTEE Category
Code: F20 - Mental health
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