Evergreen Cooperative Corporation

“No reviews will be conducted.”

“The Conflict of Interest Policy was included in the information packet provided to the board members and each member was asked if they had a conflict.”

“Compensation for John McMicken during the tax period was paid via Evergreen Business Services, Inc. 4205 St Clair Avenue Cleveland, OH 44103. John was named CEO in 2013. In accordance with the management agreement, 40% of Johns compensation will be paid by Evergreen Cooperative Corporation. As indicated in Part III of Form 990, compensation for key management of Evergreen Business Services, Inc. is one of Evergreen Cooperative Corporations program service accomplishments.”

“The organization made an initial filing for the tax year ending june 30, 2012. For the initial filing, as well as subsequesnt filings, it will be the practice of the organization to make all documents and policies available upon request.”

“This Change in Activities was previously submitted in the then fiscal year-end June 30, 2013 tax return. This is an update to that submission. As stated in Attachment L to Form 1023, to further its exempt purpose of expanding economic opportunity and therein revitalizing certain disinvested neighborhoods of Cleveland, Ohio, Evergreen Cooperative Corporation (ECC) will provide funds to organizations through two different processes. First, ECC will provide access to low-cost capital to Evergreen Cooperative Businesses. Second, ECC itself will directly award grants to nonprofit organizations that work to help stabilize and improve low-income neighborhoods in Cleveland, Ohio. (Continued) It was further stated that it would provide loans to Evergreen Cooperative Businesses through Evergreen Cooperative Development Fund (ECDF). While ECDF (and not ECC) would be providing the loans, but that ECC would actively be involved in ECDFs loan activity. Loans to Evergreen Cooperative Businesses - Through use of the Evergreen Cooperative Development Fund, LLC (ECDF) (an Ohio nonprofit limited liability company), ECC (a Section 501(c)(3) public charity) through ECDFs Board of Directors and Fund Administrator will provide low-cost access to capital in the form of loans to the Evergreen Cooperative (Continued) interest and the appointment of ECDFs Board of Directors. Purpose of ECDF - The Fund for Employee Ownership acquires Cleveland and surrounding area companies and converts them to employee ownership for the benefit of the employees and community. Governance of ECDF - ECDF will be governed by the Board of Directors who appoints the Fund Administrator. The Fund Administrator of ECDF is Jeanette Webster (the Manager) who is (Continued) Loan Legibility and Loan Terms and Conditions - Loan Legibility and Loan Terms and Conditions remain consistent with the original application. Policies and Procedures have been developed and reviewed by members of ECCs Board who found them to be detailed and comprehensive.”

“FORM 990 PART I, SUMMARY (CONTINUED) 3. principles and how cooperatives and other community wealth building models function 4. to encourage and enable cities and other areas throughout Ohio and the United States to implement their own local programs based on these principles, models, and strategies 5. to build thriving businesses and vibrant local economies by creating quality jobs, through a network of employee-owned enterprises in Northeast Ohio”