Evergreen Presbyterian Ministries, Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$82,577,485.00
Projected Expenses
$78,102,120.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| evergreen presbyterian ministries, inc. irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $69,477,839.00 | $67,034,413.00 | $66,345,605.00 |
| Total Expenses | $65,041,118.00 | $65,161,913.00 | $62,584,091.00 |
| Revenue Less Expenses | $4,436,721.00 | $1,872,500.00 | $3,761,514.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $244,200.00 | $299,271.00 | $1,181,083.00 |
| Contributions, Gifts, and Grants | $368,994.00 | $409,036.00 | $781,280.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $67,612,037.00 | $63,906,956.00 | $62,761,680.00 |
| Investment Income, Net of Losses | $160,888.00 | $4,618.00 | $7,764.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $209,290.00 | $194,980.00 | $125,945.00 |
| Revenue In-Kind | $27,859.00 | $478,604.00 | $0.00 |
| Other | $854,571.00 | $1,740,946.00 | $1,487,853.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $49,281,840.00 | $54,196,529.00 | $52,306,983.00 |
| Administration Expense | $15,325,651.00 | $9,785,881.00 | $9,369,564.00 |
| Fundraising Expense | $433,627.00 | $1,179,503.00 | $907,544.00 |
| Total Revenue/Total Expenses | 107% | 103% | 106% |
| Program Expense/Total Expenses | 76% | 83% | 84% |
| Fundraising Expense/Contributed Revenue | 1% | 2% | 1% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $67,612,037.00 | Program Revenue $63,906,956.00 | Program Revenue $62,761,680.00 |
| Second Highest Funding Source & Dollar Amount | Other Revenue $854,571.00 | Other Revenue $1,740,946.00 | Other Revenue $1,487,853.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $368,994.00 | Noncash Contributions $478,604.00 | Government Grants $1,181,083.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $36,900,748.00 | $35,637,586.00 | $30,547,492.00 |
| Current Assets | $15,832,570.00 | $15,235,869.00 | $13,600,903.00 |
| Long-Term Liabilities | $6,277,971.00 | $6,841,581.00 | $5,640,440.00 |
| Current Liabilities | $2,457,427.00 | $5,067,376.00 | $3,050,923.00 |
| Total Net Assets | $28,165,350.00 | $23,728,629.00 | $21,856,129.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$9,600,000.00
What is the spending policy for your endowment?
N/A
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| In 2012, Evergreen entered a cooperative endeavor agreement with the state of Louisiana to assume the operations of the state institution for individuals with disabilities. Evergreen made it a mission to close the institution and move the individuals into their own homes in the community. Evergreen only believes in community-based care. In December 2016, this mission was completed. The institution is now closed and all individuals with Evergreen live in the community. This endeavor was and continues to be very challenging financially, however now the institution is closed, budgets will soon improve. |
Foundation Staff Comments
| Financial figures taken from the Form 990. Form 990 was prepared internally by the nonprofit. Comment provided by Hayley Sulfridge 4/24/24. |
