Evergreen Business Capital

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 911118298 ✦ Seattle, WA ✦ Designated as a 501(c)(4)

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Overview

What is Evergreen Business Capital?

Evergreen Business Capital is a nonprofit organization, headquartered in Seattle, Washington, that has been accredited as a Certified Development Company by the Small Business Administration (SBA). Their mission is to provide exceptional economic development solutions, supporting the stability, growth, and job creation of small businesses. They offer business capital services, enhancing growth in the states of Washington, Oregon, Alaska, and Idaho. Specifically, Evergreen Business Capital has authorized over 139 loans, totalling $150.5 million, for capital projects worth $382 million. These projects are projected to generate more than 600 new jobs in the coming two years. With a team of 36 employees, Evergreen Business Capital is dedicated to fostering small business success and development.


Official website here: www.evergreen504.com

Is Evergreen Business Capital legitimate?

Evergreen Business Capital is a legitimate nonprofit organization registered as a 501(c)(4) entity. Evergreen Business Capital 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: $763,986
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,096,658

For more financial information, click here


Official website here: www.evergreen504.com

What is the mission statement of Evergreen Business Capital?

Evergreen Business Capital, as a SBA-certified development company, is dedicated to providing superior economic development solutions that foster small business stability, growth, and job creation. Their mission is to serve as a financial development company, supporting the Small Business Administration's objectives. By offering business capital services, Evergreen Business Capital has authorized numerous loans, totaling $150.5 million, for capital projects worth $382 million. These projects are projected to generate over 600 new jobs within the next two years.


Official website here: www.evergreen504.com

Who is the CEO of Evergreen Business Capital?

Patricia Kibbe is the President/Ceo of Evergreen Business Capital. The CEO's salary of Evergreen Business Capital is $218,472 and their total compensation is $247,286.


Official website here: www.evergreen504.com

What is the revenue of Evergreen Business Capital?

Evergreen Business Capital's revenue in 2022 was $5,638,585.


Official website here: www.evergreen504.com

Who are the executives of Evergreen Business Capital and what are their salaries?

The average compensation at Evergreen Business Capital during 2022 was $79,462. There are 36 employees at Evergreen Business Capital.


Here are 17 key members and their salaries (Evergreen Business Capital's CEO's salary is $218,472 and their total compensation is $247,286):


Patricia Kibbe (President/Ceo)
  • Compensation: $218,472
  • Related: $0
  • Other: $28,814
Rashad Morris (Chair)
  • Compensation: $6,600
  • Related: $0
  • Other: $0
Ken Takahashi (Vice Chair)
  • Compensation: $4,200
  • Related: $0
  • Other: $0
Thomas Kuljam (Secretary)
  • Compensation: $7,800
  • Related: $0
  • Other: $0
Karen Mciver (Treasurer)
  • Compensation: $7,800
  • Related: $0
  • Other: $0
Virginia Calvin (Member)
  • Compensation: $4,200
  • Related: $0
  • Other: $0
Tina Houston (Member)
  • Compensation: $4,200
  • Related: $0
  • Other: $0
Beto Yarce (Member)
  • Compensation: $4,200
  • Related: $0
  • Other: $0
Stacy Tomuro (Member)
  • Compensation: $7,800
  • Related: $0
  • Other: $0
Dana Armine (Member)
  • Compensation: $1,050
  • Related: $0
  • Other: $0
Annie Lant-Smith (Evp/Coo)
  • Compensation: $136,451
  • Related: $0
  • Other: $28,657
Gregg Swanson (Svp/Cco)
  • Compensation: $109,720
  • Related: $0
  • Other: $24,543
Lori Milton (Svp/Sales Manager)
  • Compensation: $164,545
  • Related: $0
  • Other: $34,234
Gary Parker (Loan Officer)
  • Compensation: $145,454
  • Related: $0
  • Other: $18,912
Wendy Avila (Loan Officer)
  • Compensation: $137,194
  • Related: $0
  • Other: $27,747
Barbara Jones-Broudy (Loan Officer)
  • Compensation: $142,454
  • Related: $0
  • Other: $24,267
Tal Williams (Loan Officer)
  • Compensation: $125,746
  • Related: $0
  • Other: $28,100


Official website here: www.evergreen504.com

Where can I find the form 990 for Evergreen Business Capital?

Evergreen Business Capital's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.evergreen504.com

Learn more at the official website: www.evergreen504.com

Mission Statement of Evergreen Business Capital

Evergreen Business Capital, recognized as a Certified Development Company by the Small Business Administration, is committed to offering business capital services that foster the growth of small businesses. Their mission, in essence, is to deliver superior economic development solutions that contribute to the stability, expansion, and job creation within the small business sector. As an SBA-certified Financial Development Company, Evergreen Business Capital authorizes loans totaling significant amounts, enabling capital projects worth substantial sums. These projects, in turn, are projected to generate over 600 new job opportunities within the next two years.

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Impact




October, 2024

Evergreen Business Capital significantly enhances small business growth across Washington, Oregon, Alaska, and Idaho by providing essential business capital services. As an accredited Certified Development Company by the SBA, it has authorized over 139 loans, totaling $150.5 million, for capital projects valued at $382 million. These projects are expected to generate more than 600 jobs within the next two years, contributing to economic stability and community improvement in the region. The organization’s commitment to supporting small businesses fosters a thriving local economy, facilitating job creation and encouraging sustainable growth.




This information is meant to be a general summary of Evergreen Business Capital. 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.

Revenue
$5,638,585 (2022)
Expenses
$5,270,378 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $341
  • Program Service Revenue: $5,588,844
  • Gross Receipts: $5,655,472

Assets and Liabilities:

  • Total Assets: $9,639,526
  • Total Liabilities: $5,645,909
  • Net Assets: $3,993,617

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SERVICING FEES

Revenue

$2,960,657

DEBENTURE FEES

Revenue

$1,938,945

RENTAL REVENUE

Revenue

$324,859

FLOAT INTEREST

Revenue

$308,191

INTERMEDIARY RELENDING

Revenue

$28,715

Organization Details

Founding Year

1980

Principal Officer

Patricia Kibbe

Main Address

13925 INTERURBAN AVE S 100, SEATTLE, WA, 98168

NTEE Category

Code: S43 - Community improvement

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