Civic Intelligence

Coolveg Foundation Inc.

EIN 93-4155665 • 501(c)3 • Cambridge, MA

Pub. 78 Eligible990-N CoverageNTEE N40

Profile

Charitable The purpose of the corporation is to engage in the following business activities (as listed in the organization's Articles of Organization filed with the State of Massachusetts): WE HELP LOW-INCOME COMMUNITIES IN ARID REGIONS BY PROVIDING TRAINING AND TECHNICAL SUPPORT TO LOCAL INSTITUTIONS ABOUT STORAGE TECHNOLOGIES FOR FRUITS AND VEGETABLES SO THEY EXPERIENCE REDUCED FOOD LOSS, IMPROVED NUTRITION, AND INCREASED INCOME. THIS ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS AND/OR SCIENTIFIC PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, AND SHALL NOT INURE BENEFIT OR EARNINGS TO ANY PRIVATE SHAREHOLDER OR INDIVIDUAL.

25 Hillside AvenueCambridge, MA 02140

www.coolveg.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

3.07x

Higher debt load relative to assets than 98% of similar nonprofits.

NTEE N • <$500k nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

0.78x

Higher debt load relative to revenue than 96% of similar nonprofits.

NTEE N • <$500k nonprofits • Source year 2024

Net Margin

3rd percentile

-53%

Higher net margin than 3% of similar nonprofits.

NTEE N40 • <$500k nonprofits • Source year 2024

Top Officer Pay

98th percentile

$45,467

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 64.9% of source-year revenue.

NTEE N40 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

$17,903

No earlier filing loaded for comparison.

Liabilities

$55,000

No earlier filing loaded for comparison.

Net Assets

-$37,097

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue96th percentileNet Margin3rd percentile

Revenue

$70,073

No earlier filing loaded for comparison.

Expenses

$107,170

No earlier filing loaded for comparison.

Net Income

-$37,097

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50KAssets 2024: $17,903Liabilities 2024: $55,000Net Assets 2024: -$37,0972024

Highlighted filing

2024

Assets$17,903
Liabilities$55,000
Net Assets-$37,097
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2024: $70,073Expenses 2024: $107,170Net Income 2024: -$37,0972024

Highlighted filing

2024

Revenue$70,073
Expenses$107,170
Net Income-$37,097
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,903
Liabilities
$55,000
Net assets
-$37,097
Revenue
$70,073
Expenses
$107,170
Net income
-$37,097
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.18$0.55$0.37$0.70$1.07$0.37
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 24, 2025
Return Version
2024v5.0
Gross Receipts
$70,073
Mission and Program Overview

Mission

Charitable The purpose of the corporation is to engage in the following business activities (as listed in the organization's Articles of Organization filed with the State of Massachusetts): WE HELP LOW-INCOME COMMUNITIES IN ARID REGIONS BY PROVIDING TRAINING AND TECHNICAL SUPPORT TO LOCAL INSTITUTIONS ABOUT STORAGE TECHNOLOGIES FOR FRUITS AND VEGETABLES SO THEY EXPERIENCE REDUCED FOOD LOSS, IMPROVED NUTRITION, AND INCREASED INCOME. THIS ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS AND/OR SCIENTIFIC PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, AND SHALL NOT INURE BENEFIT OR EARNINGS TO ANY PRIVATE SHAREHOLDER OR INDIVIDUAL.

Program Services

DescriptionGrantsExpenses
Mobile forced-air evaporative cooling chamber for smallholder farmers and produce vendors. Funded by Energy Saving Trust, CoolVeg trained local organizations in Nigeria and India to construct cooling chambers. This project is expected to directly benefit ~30 people, with the potential to benefit thousands when replicated.$59,283$95,689
Clay pot cooler training program with CARE International in Mali. CoolVeg and partners trained 50 people from Mopti, Mali on how to use clay pot coolers. The 50 people trained by CoolVeg are expected to train another 6,000 household heads, benefiting more than 50,000 people with increased access to nutritious foods.$9,780$10,647
Jerry can cooler training program in partnership with Bright Hope. CoolVeg provided remote instruction to 15 people on how to make a cooling device for fruits and vegetables in Northern Kenya. These 15 people are expected to share this information with others in their community benefiting over 1,000 people.$1,000$0
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ERIC ANTON VERPLOEGENPresidentPT$45,467-$45,467
SUCHETA BALIGAUser Research ConsultantPT$15,464-$15,464
LEON GLICKSMANHeat Transfer Consultant-$4,563-$4,563
SORY IBRAHIM MARIKOTreasurer-$0--
DANIEL JOSEPH SWEENEYSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Coolveg Foundation Inc
EIN
93-4155665
Address
25 Hillside Avenue, Cambridge, MA 02140

Signing Officer

Name
Eric Anton Verploegen
Title
President
Signed
2025-04-24
Supplemental Narrative

Additional Explanations

Part I, Line 16

“990-EZ Part I, Line 16, Other expenses, totaling $3,154.05 The expenses totaling the amount above were for items including: - Material and equipment for activities directly related to work for specific grants. - Travel expenses for work related to specific grants. - Wire transfer fees for payments to contractors for specific grants. - Software subscriptions for general business operations”

Part II, Line 26

“990-EZ Part II, Line 26, Total liabilities, totaling $55,000.00 These liabilities are loans in the amount above were provided by CoolVeg Foundation's President, Eric Verploegen, to CoolVeg Foundation in order to provide working capital for specific projects. The Funder for CoolVeg Foundation's largest grant in 2024 requires the relevant activities to be completed and proof of payment to be provided before reimbursing CoolVeg Foundation for the work completed. These loans were necessary for the CoolVeg Foundation to complete the specified work before being reimbursed. These three (3) loans were each approved by the CoolVeg Foundation's board through a written agreement, with an interest rate of 4% per annum, calculated annually. The majority of these loans will be repaid to the lender (Eric Verploegen) in the second half of 2025 when CoolVeg Foundation receives reimbursement from the funder of CoolVeg Foundation's large project after the work is completed.”

Raw XML Appendix156 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0Charitable The purpose of the corporation is to engage in the following business activities (as listed in the organization's Articles of Organization filed with the State of Massachusetts): WE HELP LOW-INCOME COMMUNITIES IN ARID REGIONS BY PROVIDING TRAINING AND TECHNICAL SUPPORT TO LOCAL INSTITUTIONS ABOUT STORAGE TECHNOLOGIES FOR FRUITS AND VEGETABLES SO THEY EXPERIENCE REDUCED FOOD LOSS, IMPROVED NUTRITION, AND INCREASED INCOME. THIS ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS AND/OR SCIENTIFIC PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, AND SHALL NOT INURE BENEFIT OR EARNINGS TO ANY PRIVATE SHAREHOLDER OR INDIVIDUAL.
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Eric Anton Verploegen
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1Eric Anton Verploegen
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2Eric Anton Verploegen
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0990-EZ Part I, Line 16, Other expenses, totaling $3,154.05 The expenses totaling the amount above were for items including: - Material and equipment for activities directly related to work for specific grants. - Travel expenses for work related to specific grants. - Wire transfer fees for payments to contractors for specific grants. - Software subscriptions for general business operations
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990-EZ Part II, Line 26, Total liabilities, totaling $55,000.00 These liabilities are loans in the amount above were provided by CoolVeg Foundation's President, Eric Verploegen, to CoolVeg Foundation in order to provide working capital for specific projects. The Funder for CoolVeg Foundation's largest grant in 2024 requires the relevant activities to be completed and proof of payment to be provided before reimbursing CoolVeg Foundation for the work completed. These loans were necessary for the CoolVeg Foundation to complete the specified work before being reimbursed. These three (3) loans were each approved by the CoolVeg Foundation's board through a written agreement, with an interest rate of 4% per annum, calculated annually. The majority of these loans will be repaid to the lender (Eric Verploegen) in the second half of 2025 when CoolVeg Foundation receives reimbursement from the funder of CoolVeg Foundation's large project after the work is completed.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Eric Anton Verploegen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COOLVEG FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0COOL
ReturnHeader/Filer/EIN0934155665
ReturnHeader/Filer/USAddress/AddressLine1Txt025 Hillside Avenue
ReturnHeader/Filer/USAddress/CityNm0Cambridge
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002140
ReturnHeader/ReturnTs02025-04-24T21:30:33Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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